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Arrowhead Pharma Rises 2.42% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Arrowhead Pharma (NASDAQ:ARWR) traded in a range yesterday that spanned from a low of $35.03 to a high of $37.26. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $37.10 on volume of 549,000 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 Arrowhead Pharma and will alert subscribers who have ARWR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Arrowhead Pharma have traded between a low of $17.56 and a high of $73.72 and are now at $37.18, which is 112% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders arrowhead pharma

Ticker(s): ARWR