• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Lannett Co Inc After 1.18% Gain

By David Diaz

Lannett Co Inc (NYSE:LCI) traded in a range yesterday that spanned from a low of $5.92 to a high of $6.14. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $6.11 on volume of 777,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Lannett Co Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lannett Co Inc in search of a potential trend change.

Over the past year, Lannett Co Inc has traded in a range of $3.33 to $17.15 and is now at $5.99, 80% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 2.8%.

Keywords: rebounders lannett co inc

Ticker(s): LCI