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Watch for Ionis Pharmaceut to Potentially Pullback After Gaining 2.58% Yesterday

By David Diaz

Ionis Pharmaceut (NASDAQ:IONS) traded in a range yesterday that spanned from a low of $64.17 to a high of $66.58. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $65.27 on volume of 562,000 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 monitoring the recent change of momentum in Ionis Pharmaceut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ionis Pharmaceut in search of a potential trend change.

Ionis Pharmaceut share prices have moved between a 52-week high of $86.58 and a 52-week low of $39.07 and are now trading 70% above that low price at $66.50 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders ionis pharmaceut

Ticker(s): IONS