Merrimack Pharmaceuticals Breaks Above 200-Day Moving Average - Bullish for MACK

In trading on Thursday, shares of Merrimack Pharmaceuticals Inc. (MACK) crossed above their 200 day moving average of $6.12, changing hands as high as $6.73 per share. Merrimack Pharmaceuticals Inc. shares are currently trading up about 6.6% on the day. The chart below shows the one year performance of MACK shares, versus its 200 day moving average:

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Merrimack Pharmaceuticals Inc. 200 Day Moving Average Chart

Looking at the chart above, MACK's low point in its 52 week range is $4.39 per share, with $9.66 as the 52 week high point — that compares with a last trade of $6.27.

According to the ETF Finder at ETF Channel, MACK makes up 1.61% of the iShares U.S. Pharmaceuticals ETF ( IHE) which is trading up by about 1.8% on the day Thursday.

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