Stock Investors Bid Up Shares of Medivation, Up 2.4%

Published on Mon, 02/23/2015 - 13:48
By Mallory Stone in Market movers, MDVN, market movers, medivation, nasdaq:mdvn

One of today's notable stocks on the rise is Medivation (NASDAQ:MDVN), up 2.4% to $112.62. The Dow Jones Industrial Average is now trading 0.3% lower to 18,089 and the S&P is trading 0.2% lower to 2,106.

In the past 52 weeks, shares of Medivation have traded between a low of $54.37 and a high of $117.23 and are now at $112.62, which is 107% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has declined 0.5%.

Medivation has overhead space with shares priced $112.62, or 3.9% below the average consensus analyst price target of $117.17. The stock should discover initial support at its 50-day moving average (MA) of $104.69 and subsequent support at its 200-day MA of $92.03.

Medivation Inc. acquires, develops, and sells or partners biomedical technologies in the early development stage of the research and development process.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Shares of Aeropostale Fall to a New 52-W...

Shares of Aeropostale (NYSE:ARO) traded today at $0.86, breaking its 52-week low. So f ...

Volume Spike Detected in Shares of Home ...

Home Properties's stock is up 0.1% to $74.40 on heavy trading volume. Today's volume o ...

Volume Spike Detected in Shares of Bank ...

Bank of Nova Scotia shares are trading on heavy volume today, having fallen 0.9% to $44 ...

Sellers Reduce Exposure to Shares of Ban...

Shares of Banco Bradesco are trading today in above average volume, with the share pric ...

Volume Spike Detected in Shares of Affil...

Affiliated Managers's stock is down 0.6% to $187.88 on heavy trading volume. About 512 ...

Buyers Accumulating Shares of Mueller Wa...

Shares of Mueller Water Products are trading today in above average volume, with the sh ...

Werner Enterprises Trading Higher on 1.3...

Shares of Werner Enterprises are trading up 1.3% to $26.80 today on above average volum ...

Volume Spike Detected in Shares of Chevr...

The price of Chevron shares has climbed to $80.94 (a 4.3% change) on heavy trading volu ...