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SmarTrend Watching for Potential Pullback in Shares of Alkermes Plc After 1.76% Gain

By Amy Schwartz

Alkermes Plc (NASDAQ:ALKS) traded in a range yesterday that spanned from a low of $46.54 to a high of $48.65. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $47.49 on volume of 773,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Alkermes Plc on February 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $57.72. Since that call, shares of Alkermes Plc have fallen 19.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Alkermes Plc has traded in a range of $39.65 to $71.22 and is now at $46.91, 18% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.1%.

Keywords: rebounders alkermes plc

Ticker(s): ALKS