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Achillion Pharma Rises 75.63% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Achillion Pharma (NASDAQ:ACHN) traded in a range yesterday that spanned from a low of $6.21 to a high of $6.44. Yesterday, the shares gained 75.6%, which took the trading range above the 3-day high of $3.75 on volume of 24.8 million 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 tracking the current trend status for Achillion Pharma and will alert subscribers who have ACHN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Achillion Pharma have traded between a low of $1.29 and a high of $6.44 and are now at $6.23, which is 383% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has risen 1.1%.

Keywords: rebounders achillion pharma

Ticker(s): ACHN