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Vivus Rising on Above-Average Volume, Consistent With Trend (VVUS)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Vivus shares are trading on heavy volume today, having risen 10.5% to $15.19. Approximately 8.1 million shares have changed hands today vs. average 30-day volume of 4.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Vivus on December 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.70. Since that recommendation, shares of Vivus have risen 8.3%. We continue to monitor VVUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Vivus share prices have moved between a 52-week high of $31.21 and a 52-week low of $9.86 and are now trading 55% above that low price at $15.30 per share. The 200-day and 50-day moving averages have moved 0.69% lower and 5.03% lower over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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