Technical traders and technical screens are picking up on AVNR's bullish action imo.
Before the Bell Scans of Mylan, Forest Laboratories, Avanir Pharma, Akorn, and Medicines Co.
Friday March08, 2013 01:00:00 PM (GMT)
Shares of Avanir Pharmaceuticals Inc. rose more than 1% in Thursday’s trading session, extending gains for the week. The stock closed 1.01% higher at $2.99 on Thursday and has now gained more than 7.50% in the last three sessions. Tear-to-date, the stock has now gained more than 14.20%. Avanir Pharma’s have recently broken throughthe $2.80 resistance level, which is a bullish signal. The stock has also crossed its 50-day moving average, which further confirms the bullish trend. The stock’s MACD has just crossed above the signal line.