Warner Chilcott Trading Higher on 1.3x Above-Average Volume (WCRX)

Published on Wed, 02/13/2013 - 14:16
By Peter Chu in Unusual volume, WCRX, nasdaq:wcrx, unusual volume, warner chilcott

Shares of Warner Chilcott are trading today in above average volume, with the share price rising 2.3% to $14.31. Today's volume of 7.0 million shares tops the average 30-day volume of 5.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

In the past 52 weeks, Warner Chilcott share prices have been bracketed by a low of $10.85 and a high of $25.92 and are now at $14.31, 32% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 1.20% higher over the past week, respectively.

Warner Chilcott Limited is a pharmaceutical company. The Company is focused on marketing, selling, developing and manufacturing branded prescription pharmaceutical products in women's healthcare and dermatology in the United States.

Warner Chilcott (NASDAQ:WCRX) has potential upside of 35.5% based on a current price of $14.31 and analysts' consensus price target of $19.38. The stock should hit resistance at its 200-day moving average (MA) of $15.22, as well as support at its 50-day MA of $12.70.

By Peter Chu
pchu@fnno.com

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