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SmarTrend Watching for Potential Pullback in Shares of Impax Labs Inc After 9.55% Gain

By Shiri Gupta

Impax Labs Inc (NASDAQ:IPXL) traded in a range yesterday that spanned from a low of $17.30 to a high of $18.75. Yesterday, the shares gained 9.6%, which took the trading range above the 3-day high of $17.35 on volume of 2.3 million 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 subscribers consider buying shares of Impax Labs Inc on March 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.75. Since that recommendation, shares of Impax Labs Inc have risen 42.6%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Impax Labs Inc share prices have moved between a 52-week high of $32.20 and a 52-week low of $7.75 and are now trading 138% above that low price at $18.42 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

Keywords: rebounders impax labs inc

Ticker(s): IPXL