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Watch for Aimmune Therapeu to Potentially Pullback After Gaining 4.45% Yesterday

By James Quinn

Aimmune Therapeu (NASDAQ:AIMT) traded in a range yesterday that spanned from a low of $28.61 to a high of $29.40. Yesterday, the shares gained 4.4%, which took the trading range above the 3-day high of $28.14 on volume of 226,000 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, Aimmune Therapeu has traded in a range of $16.95 to $29.62 and is now at $29.13, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

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

Keywords: rebounders aimmune therapeu

Ticker(s): AIMT