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TMCNet:  Medicis Pharmaceutical Falling Today on Above-Average Volume (MRX)

[November 09, 2012]

Medicis Pharmaceutical Falling Today on Above-Average Volume (MRX)

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Medicis Pharmaceutical are trading today in above average volume, with the share price falling 5.3% to $41.04. About 6.9 million shares have been traded today, as compared to the 30-day average volume of 1.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.


SmarTrend is tracking the current trend status for Medicis Pharmaceutical and will alert subscribers who have MRX in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Medicis Pharmaceutical has traded in a range of $29.76 to $43.70 and is now at $41.91, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.6%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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