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Watch for Cytomx Therapeut to Potentially Pullback After Gaining 7.49% Yesterday

By Shiri Gupta

Cytomx Therapeut (NASDAQ:CTMX) traded in a range yesterday that spanned from a low of $6.16 to a high of $6.49. Yesterday, the shares gained 7.5%, which took the trading range above the 3-day high of $6.34 on volume of 154,000 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 tracking the current trend status for Cytomx Therapeut and will alert subscribers who have CTMX in their portfolio or watchlist when shares have changed trend direction.

Cytomx Therapeut share prices have moved between a 52-week high of $19.75 and a 52-week low of $5.10 and are now trading 27% above that low price at $6.46 per share. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 2.7%.

Keywords: rebounders cytomx therapeut

Ticker(s): CTMX