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SmarTrend Watching for Potential Pullback in Shares of Vanda Pharmaceut After 17.97% Gain

By Amy Schwartz

Vanda Pharmaceut (NASDAQ:VNDA) traded in a range yesterday that spanned from a low of $21.21 to a high of $25.07. Yesterday, the shares gained 18.0%, which took the trading range above the 3-day high of $20.89 on volume of 1.0 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 is monitoring the recent change of momentum in Vanda Pharmaceut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vanda Pharmaceut in search of a potential trend change.

Vanda Pharmaceut share prices have moved between a 52-week high of $25.07 and a 52-week low of $11.90 and are now trading 105% above that low price at $24.45 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

Keywords: rebounders vanda pharmaceut

Ticker(s): VNDA