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Watch for Impax Labs Inc to Potentially Pullback After Gaining 1.61% Yesterday

By Amy Schwartz

Impax Labs Inc (NASDAQ:IPXL) traded in a range yesterday that spanned from a low of $20.00 to a high of $20.88. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $20.35 on volume of 727,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Impax Labs Inc has traded in a range of $7.75 to $32.20 and is now at $20.80, 168% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Impax Labs Inc on December 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.42. Since that recommendation, shares of Impax Labs Inc have risen 9.4%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders impax labs inc

Ticker(s): IPXL