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SmarTrend Watching for Potential Pullback in Shares of Xencor Inc After 4.71% Gain

By Shiri Gupta

Xencor Inc (NASDAQ:XNCR) traded in a range yesterday that spanned from a low of $39.38 to a high of $40.15. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $40.14 on volume of 94,000 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 tracking the current trend status for Xencor Inc and will alert subscribers who have XNCR in their portfolio or watchlist when shares have changed trend direction.

Xencor Inc share prices have moved between a 52-week high of $46.33 and a 52-week low of $27.75 and are now trading 44% above that low price at $39.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Keywords: rebounders xencor inc

Ticker(s): XNCR