user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 443849 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Impax Laboratories Crosses Below its 10-day MA (IPXL)

Published on Tue, 02/19/2013 - 12:17
By Peter Chu

Impax Laboratories (NASDAQ:IPXL) crossed under its 10-day moving average of $19.99 on a volume of 209K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Impax Laboratories, Inc. develops, manufactures, and markets both proprietary and multi-source pharmaceutical products utilizing its drug delivery technologies. The Company specializes in the development of niche and controlled release generics, as well as the development of branded products.

Impax Laboratories (NASDAQ:IPXL) has potential upside of 17.8% based on a current price of $19.72 and analysts' consensus price target of $23.22. The stock should run into initial resistance at its 50-day moving average (MA) of $20.55 and subsequent resistance at its 200-day MA of $22.04.

Impax Laboratories share prices have moved between a 52-week high of $28.75 and a 52-week low of $14.46 and are now trading 36% above that low price at $19.72 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 0.17% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

WPX Energy (NYSE:WPX) traded today at a new 52-week high of $24.78. So far today appro ...

Waste Management: 52-Week High Recently ...

Waste Management (NYSE:WM) traded at a new 52-week high today of $46.40. Approximately ...

Shares of Vector Group Rise to a New 52-...

Vector Group (NYSE:VGR) traded today at a new 52-week high of $23.01. So far today app ...

Recent 52-Week High Exceeded in Shares o...

Shares of VASCO Data Security International (NASDAQ:VDSI) traded at a new 52-week high ...

Shares of URS Have Risen Above Previous ...

URS (NYSE:URS) traded today at a new 52-week high of $60.31. This new high was reached ...

Shares of United Rentals Have Risen Abov...

United Rentals (NYSE:URI) traded today at a new 52-week high of $116.63. This new high ...

Union Pacific Looks to Continue to Trade...

Shares of Union Pacific (NYSE:UNP) traded today at $104.75, breaking its 52-week high. ...

Shares of Universal Health Services Rise...

Shares of Universal Health Services (NYSE:UHS) traded at a new 52-week high today of $1 ...