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Watch for Ultragenyx Pharm to Potentially Pullback After Gaining 6.48% Yesterday

By Amy Schwartz

Ultragenyx Pharm (NASDAQ:RARE) traded in a range yesterday that spanned from a low of $41.31 to a high of $42.58. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $40.85 on volume of 143,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Ultragenyx Pharm have traded between a low of $37.90 and a high of $91.34 and are now at $41.67, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.4%.

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

Keywords: rebounders ultragenyx pharm

Ticker(s): RARE