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Watch for Clovis Oncology to Potentially Pullback After Gaining 14.94% Yesterday

By Shiri Gupta

Clovis Oncology (NASDAQ:CLVS) traded in a range yesterday that spanned from a low of $10.00 to a high of $11.18. Yesterday, the shares gained 14.9%, which took the trading range above the 3-day high of $10.24 on volume of 15.2 million 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 Clovis Oncology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Clovis Oncology in search of a potential trend change.

In the past 52 weeks, shares of Clovis Oncology have traded between a low of $2.93 and a high of $32.05 and are now at $10.23, which is 249% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has slid 1.9%.

Keywords: rebounders clovis oncology

Ticker(s): CLVS