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Wednesday, March 28, 2012

Surprising Price Movement Observed In Shares Of (NASDAQ: AMLN)

Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN): traded higher by 48.93% or $7.53/share to $22.92. In the past year, the shares have traded as low as $8.03 and as high as $18.45. On average, 3778880 shares of AMLN exchange hands on a given day and today's volume is recorded at 2856108. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $16.58 area where the stock will likely see buying pressure.