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Watch for Ironwood Pharmac to Potentially Pullback After Gaining 1.20% Yesterday

By Shiri Gupta

Ironwood Pharmac (NASDAQ:IRWD) traded in a range yesterday that spanned from a low of $20.51 to a high of $21.20. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $20.75 on volume of 506,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ironwood Pharmac share prices have moved between a 52-week high of $21.20 and a 52-week low of $12.89 and are now trading 63% above that low price at $21.01 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Ironwood Pharmac and will alert subscribers who have IRWD in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ironwood pharmac

Ticker(s): IRWD