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Tg Therapeutics Rises 55.47% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Tg Therapeutics (NASDAQ:TGTX) traded in a range yesterday that spanned from a low of $7.66 to a high of $8.17. Yesterday, the shares gained 55.5%, which took the trading range above the 3-day high of $7.92 on volume of 679,000 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 Tg Therapeutics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tg Therapeutics in search of a potential trend change.

Over the past year, Tg Therapeutics has traded in a range of $3.32 to $9.45 and is now at $8.10, 144% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.5%.

Keywords: rebounders tg therapeutics

Ticker(s): TGTX