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SmarTrend Watching for Potential Pullback in Shares of Bluebird Bio Inc After 1.86% Gain

By Shiri Gupta

Bluebird Bio Inc (NASDAQ:BLUE) traded in a range yesterday that spanned from a low of $151.68 to a high of $155.28. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $153.27 on volume of 221,000 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, Bluebird Bio Inc share prices have been bracketed by a low of $87.49 and a high of $236.17 and are now at $154.37, 76% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 2.46% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bluebird Bio Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.74. Since that recommendation, shares of Bluebird Bio Inc have risen 36.9%. We continue to monitor BLUE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bluebird bio inc

Ticker(s): BLUE