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Watch for Vanda Pharmaceut to Potentially Pullback After Gaining 1.73% Yesterday

By Amy Schwartz

Vanda Pharmaceut (NASDAQ:VNDA) traded in a range yesterday that spanned from a low of $14.44 to a high of $15.09. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $14.50 on volume of 453,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Vanda Pharmaceut share prices have moved between a 52-week high of $33.44 and a 52-week low of $13.33 and are now trading 12% above that low price at $14.91 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vanda Pharmaceut on February 1st, 2019 by issuing a Downtrend alert when the shares were trading at $26.35. Since that call, shares of Vanda Pharmaceut have fallen 45.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders vanda pharmaceut

Ticker(s): VNDA