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Watch for Diplomat Pharmac to Potentially Pullback After Gaining 10.30% Yesterday

By Shiri Gupta

Diplomat Pharmac (NYSE:DPLO) traded in a range yesterday that spanned from a low of $5.41 to a high of $5.63. Yesterday, the shares gained 10.3%, which took the trading range above the 3-day high of $5.25 on volume of 295,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Diplomat Pharmac share prices have moved between a 52-week high of $16.35 and a 52-week low of $2.43 and are now trading 127% above that low price at $5.51 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 2.1%.

SmarTrend recommended that subscribers consider buying shares of Diplomat Pharmac on November 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.84. Since that recommendation, shares of Diplomat Pharmac have risen 30.2%. We continue to monitor DPLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders diplomat pharmac

Ticker(s): DPLO