Rigel Pharmaceuticals (RIGL) Bearish Technical Alert - Trend Down 34.9%

Rigel Pharmaceuticals (NASDAQ:RIGL) is trading 1.3% lower (down $0.09 to $6.58) today on volume of 101,884 shares. The stock has traded within a 52-week range of $4.19 and $14.75.

Rigel Pharmaceuticals is currently below its 50-day moving average of $7.53 and below its 200-day moving average of $8.06.

SmarTrend is bearish on shares of RIGL and our subscribers received a Downtrend alert on July 24, 2009 at $10.11, which has returned 34.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: market, nasdaq, pharmaceuticals, securities