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SmarTrend Watching for Potential Pullback in Shares of Alnylam Pharmace After 2.97% Gain

By James Quinn

Alnylam Pharmace (NASDAQ:ALNY) traded in a range yesterday that spanned from a low of $119.90 to a high of $122.40. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $119.93 on volume of 70,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Alnylam Pharmace have traded between a low of $60.27 and a high of $122.40 and are now at $122.10, which is 103% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.6%.

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

Keywords: rebounders alnylam pharmace

Ticker(s): ALNY