[May 23, 2013] Look for Shares of Forest Laboratories to Potentially Pullback after Yesterday's 5.39% Rise Tweet May 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- Forest Laboratories (NYSE:FRX) traded in a range yesterday that spanned from a low of $38.01 to a high of $39.67. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $38.55 on volume of 4.0 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 monitoring the recent change of momentum in Forest Laboratories. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Forest Laboratories in search of a potential trend change. Forest Laboratories share prices have moved between a 52-week high of $39.67 and a 52-week low of $31.28 and are now trading 26% above that low price at $39.53 per share. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]