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Agios Pharmaceut Rises 8.54% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Agios Pharmaceut (NASDAQ:AGIO) traded in a range yesterday that spanned from a low of $44.43 to a high of $48.17. Yesterday, the shares gained 8.5%, which took the trading range above the 3-day high of $43.77 on volume of 504,000 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 Agios Pharmaceut have traded between a low of $27.77 and a high of $54.68 and are now at $47.90, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

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

Keywords: rebounders agios pharmaceut

Ticker(s): AGIO