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Watch for Alkermes Plc to Potentially Pullback After Gaining 1.95% Yesterday

By James Quinn

Alkermes Plc (NASDAQ:ALKS) traded in a range yesterday that spanned from a low of $43.68 to a high of $44.73. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $43.66 on volume of 178,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Alkermes Plc share prices have been bracketed by a low of $39.54 and a high of $71.22 and are now at $44.56, 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

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

Keywords: rebounders alkermes plc

Ticker(s): ALKS