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Friday, July 12, 2013

Unexpected Volume Observed In (NASDAQ: ATHN)

NASDAQ (NASDAQ: ATHN): traded higher by 17.56% or $16.08/share to $107.65. In the past year, the shares have traded as low as $56.33 and as high as $99.79. On average, 408654 shares of ATHN exchange hands on a given day and today's volume is recorded at 874174. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $88.932 area.