• 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 = 467095 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1418954375 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1418954375 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Amarin's Shares Changing Hands at Lower Prices on 2.3x Above-Average Volume (AMRN)

Published on Tue, 03/26/2013 - 13:09
By Robert Cotter

Amarin's stock is down 5.7% to $6.92 on heavy trading volume. Today's volume of 7.4 million shares tops the average 30-day volume of 3.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

Amarin Corporation PLC is a clinical-stage biopharmaceutical company. The Company researches, develops, and commercializes drugs for the treatment of hypertriglyceridemia, central nervous system disorders, and cardiovascular diseases.

Amarin share prices have moved between a 52-week high of $15.96 and the current low of $6.80 and are currently at $6.92 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.5%.

Amarin (NASDAQ:AMRN) has potential upside of 120.9% based on a current price of $6.92 and analysts' consensus price target of $15.29. The stock should run into initial resistance at its 50-day moving average (MA) of $8.32 and subsequent resistance at its 200-day MA of $11.09.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Western Digital Rise Above Pre...

Shares of Western Digital (NYSE:WDC) traded today at $112.21, breaking its 52-week high ...

WellCare Health Plans: The Winning Strea...

Shares of WellCare Health Plans (NYSE:WCG) traded at a new 52-week high today of $79.34 ...

Shares of Vornado Realty Trust Rise Abov...

Shares of Vornado Realty Trust (NYSE:VNO) traded at a new 52-week high today of $115.96 ...

Watch for Continued Losses in Shares of ...

Shares of UQM Technologies (AMEX:UQM) traded at a new 52-week low today of $0.85. Appr ...

Universal Electronics Looks to Continue ...

Shares of Universal Electronics (NASDAQ:UEIC) traded today at $63.71, breaking its 52-w ...

Shares of United Community Financial Ris...

Shares of United Community Financial (NASDAQ:UCFC) traded today at $5.50, breaking its ...

TriQuint Semiconductor Looks to Continue...

TriQuint Semiconductor (NASDAQ:TQNT) traded at a new 52-week high today of $26.84. Thi ...

Shares of Target Have Risen Above Previo...

Target (NYSE:TGT) traded at a new 52-week high today of $74.87. So far today approxima ...