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Shares of Ironwood Pharmac Exhibit Possible Trend Reversal as it Trades Higher (IRWD)

By Shiri Gupta

Ironwood Pharmac shares are trading on heavy volume today, having risen 7.9% to $10.57. About 1.8 million shares have been traded today, as compared to the 30-day average volume of 1.3 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Ironwood Pharmac and will alert subscribers who have IRWD in their portfolio or watchlist when shares have changed trend direction.

Ironwood Pharmac share prices have moved between a 52-week high of $21.20 and a 52-week low of $9.07 and are now trading 17% above that low price at $10.57 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 1.3%.

Keywords: unusual volume ironwood pharmac

Ticker(s): IRWD