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 = 419674 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Buyers Accumulating Shares of Spectrum Pharmaceuticals on 1.2x Above-Average Volume (SPPI)

Published on Thu, 01/10/2013 - 14:13
By Peter Chu

Shares of Spectrum Pharmaceuticals are trading up 3.1% to $13.00 today on above average volume. Today's volume of 1.1 million shares tops the average 30-day volume of 918,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Potential upside of 70.8% exists for Spectrum Pharmaceuticals, based on a current level of $13.00 and analysts' average consensus price target of $22.20. The stock should discover initial support at its 200-day moving average (MA) of $12.20 and subsequent support at its 50-day MA of $11.29.

In the past 52 weeks, shares of Spectrum Pharmaceuticals have traded between a low of $9.31 and a high of $17.48 and are now at $13.00, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Spectrum Pharmaceuticals Inc. develops in-licensed drugs for the treatment and supportive care of cancer patients. The Company's satraplatin is an oral, anti-cancer drug. Spectrum's Elsamitrucin targets non-Hodgkin's lymphoma, and Neoquin is being studied in the treatment of superficial bladder cancer. Spectrum also has a pipeline of pre-clinical neurological drug candidates.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Earnings Flashback: Since Reporting Quar...

When OSI Systems (NASDAQ:OSIS) reported earnings 19 days ago on August 25th, 2014, anal ...

Post Earnings Update: Sanderson Farms Ha...

When Sanderson Farms (NASDAQ:SAFM) reported earnings two weeks ago on August 26th, 2014 ...

Post Earnings Update: Golar LNG Has Clim...

When Golar LNG (NASDAQ:GLNG) reported earnings two weeks ago on August 26th, 2014, anal ...

Bob Evans Farms Earnings Hindsight: Down...

When Bob Evans Farms (NASDAQ:BOBE) reported earnings 18 days ago on August 26th, 2014, ...

Smith & Wesson Earnings Hindsight: Down ...

18 days ago, on August 26th, 2014, Smith & Wesson (NASDAQ:SWHC) reported its earnings. ...

Prospect Capital Earnings Review: 19 Day...

19 days ago, on August 25th, 2014, Prospect Capital (NASDAQ:PSEC) reported its earnings ...

Seadrill Earnings Hindsight: Down 15.7% ...

Two weeks ago on August 27th, 2014 Seadrill (NYSE:SDRL) reported earnings and analysts, ...

Earnings Flashback: Since Reporting Quar...

When Movado (NYSE:MOV) reported earnings two weeks ago on August 26th, 2014, analysts, ...