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Watch for Alkermes Plc to Potentially Rebound After Falling 5.81% Yesterday

By James Quinn

Alkermes Plc (NASDAQ:ALKS) traded in a range yesterday that spanned from a low of $17.93 to a high of $19.97. Yesterday, the shares fell 5.8%, which took the trading range below the 3-day low of $18.80 on volume of 738,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Alkermes Plc has traded in a range of $16.95 to $37.75 and is now at $19.66, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1%.

Keywords: rebounders alkermes plc

Ticker(s): ALKS