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Lannett Co Inc: The Winning Streak Continues (LCI)

By Nick Russo

Lannett Co Inc (NYSE:LCI) traded today at a new 52-week high of $14.16. Approximately 943,000 shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.

Lannett Company, Inc. develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States.

There is potential upside of 63.3% for shares of Lannett Co Inc based on a current price of $14.00 and an average consensus analyst price target of $22.86. The stock should discover initial support at its 50-day moving average (MA) of $6.97 and subsequent support at its 200-day MA of $6.95.

In the past 52 weeks, shares of Lannett Co Inc have traded between a low of $3.33 and a high of $14.16 and are now at $14.00, which is 320% above that low price. The 200-day and 50-day moving averages have moved 1.68% higher and 6.93% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lannett Co Inc on July 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.42. Since that recommendation, shares of Lannett Co Inc have risen 90.0%. We continue to monitor LCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows lannett co inc

Ticker(s): LCI