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Watch for Regeneron Pharm to Potentially Pullback After Gaining 1.07% Yesterday

By Shiri Gupta

Regeneron Pharm (NASDAQ:REGN) traded in a range yesterday that spanned from a low of $387.42 to a high of $392.00. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $386.10 on volume of 230,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Regeneron Pharm share prices have moved between a 52-week high of $543.55 and a 52-week low of $325.35 and are now trading 20% above that low price at $392.01 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Regeneron Pharm on October 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $294.47. Since that recommendation, shares of Regeneron Pharm have risen 31.6%. We continue to monitor REGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders regeneron pharm

Ticker(s): REGN