• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Macrogenics Inc After 1.72% Gain

By Shiri Gupta

Macrogenics Inc (NASDAQ:MGNX) traded in a range yesterday that spanned from a low of $9.23 to a high of $9.59. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $9.57 on volume of 234,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Macrogenics Inc has traded in a range of $7.42 to $32.68 and is now at $9.44, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 2.2%.

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

Keywords: rebounders macrogenics inc

Ticker(s): MGNX