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SmarTrend Watching for Potential Pullback in Shares of MAP Pharmaceuticals After 58.60% Gain
[January 23, 2013]

SmarTrend Watching for Potential Pullback in Shares of MAP Pharmaceuticals After 58.60% Gain

Jan 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- MAP Pharmaceuticals (NASDAQ:MAPP) traded in a range yesterday that spanned from a low of $24.68 to a high of $24.77. Yesterday, the shares gained 58.6%, which took the trading range above the 3-day high of $15.87 on volume of 45.9 million 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 MAP Pharmaceuticals have traded between a low of $10.54 and a high of $24.77 and are now at $24.71, which is 134% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of MAP Pharmaceuticals on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.11. Since that recommendation, shares of MAP Pharmaceuticals have risen 3.1%. We continue to monitor MAPP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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