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SmarTrend Watching for Potential Pullback in Shares of Acadia Pharmaceu After 7.76% Gain

By David Diaz

Acadia Pharmaceu (NASDAQ:ACAD) traded in a range yesterday that spanned from a low of $13.83 to a high of $15.56. Yesterday, the shares gained 7.8%, which took the trading range above the 3-day high of $15.54 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Acadia Pharmaceu has traded in a range of $12.77 to $41.20 and is now at $14.89, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Acadia Pharmaceu on February 28th, 2018 by issuing a Downtrend alert when the shares were trading at $26.14. Since that call, shares of Acadia Pharmaceu have fallen 46.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders acadia pharmaceu

Ticker(s): ACAD