TMCnet News
Ariad Pharmaceuticals Falling Today on Above-Average Volume (ARIA)May 16, 2013 (SmarTrend(R) News Watch via COMTEX) -- Ariad Pharmaceuticals's stock is down 6.3% to $16.05 on heavy trading volume. About 4.3 million shares have been traded today, as compared to the 30-day average volume of 3.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout. SmarTrend recommended that its subscribers protect gains by selling shares of Ariad Pharmaceuticals on March 25th, 2013 by issuing a Downtrend alert when the shares were trading at $18.89. Since that call, shares of Ariad Pharmaceuticals have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. In the past 52 weeks, shares of Ariad Pharmaceuticals have traded between a low of $15.13 and a high of $25.40 and are now at $15.85, which is 5% 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 declined 1.2%. 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 |
