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Ariad Pharmaceuticals Set to Possibly Rebound After Yesterday's Selloff of 1.18%
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Ariad Pharmaceuticals (NASDAQ:ARIA) traded in a range yesterday that spanned from a low of $14.93 to a high of $15.78. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $14.42 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Ariad Pharmaceuticals on October 11th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.95. Since that recommendation, shares of Ariad Pharmaceuticals have risen 53.3%. We continue to monitor ARIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, Ariad Pharmaceuticals share prices have been bracketed by a low of $5.52 and a high of $15.98 and are now at $15.07, 173% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.9%.
Write to Chip Brian at cbrian@mysmartrend.com
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