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Shares of Theravance Down on Above Average Volume, Moving Against Trend (THRX)
Jan 17, 2013 (SmarTrend(R) News Watch via COMTEX) --
Theravance's stock is down 5.2% to $21.56 on heavy trading volume. Today's volume of 1.3 million shares tops the average 30-day volume of 390,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend is tracking the current trend status for Theravance and will alert subscribers who have THRX in their portfolio or watchlist when shares have changed trend direction.
In the past 52 weeks, shares of Theravance have traded between a low of $15.69 and a high of $31.87 and are now at $21.50, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
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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