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SmarTrend Watching for Potential Pullback in Shares of Loxo Oncology In After 8.19% Gain

By David Diaz

Loxo Oncology In (NASDAQ:LOXO) traded in a range yesterday that spanned from a low of $125.25 to a high of $133.95. Yesterday, the shares gained 8.2%, which took the trading range above the 3-day high of $128.22 on volume of 453,000 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 Loxo Oncology In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Loxo Oncology In in search of a potential trend change.

Loxo Oncology In share prices have moved between a 52-week high of $135.74 and a 52-week low of $17.14 and are now trading 659% above that low price at $130.12 per share. The 200-day and 50-day moving averages have moved 0.49% higher and 1.49% higher over the past week, respectively.

Keywords: rebounders loxo oncology in

Ticker(s): LOXO