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Shares of Trevena Inc Has Fallen Below Previous 52-Week Low

By David Diaz

Trevena Inc (NASDAQ:TRVN) traded today at a new 52-week low of $0.76. Approximately 6.4 million shares have changed hands today, as compared to an average 30-day volume of 5.7 million shares.

In the past 52 weeks, shares of Trevena Inc have traded between the current low of $0.76 and a high of $3.58 and are now at $0.77. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Trevena, Inc. develops pharmaceutical products. The Company offers discovery and development of agents targeting G-protein coupled receptors and therapies and drugs that treat acute heart failure, acute chronic pain, and depression. Trevena serves customers throughout the United States.

There is potential upside of 1,022.0% for shares of Trevena Inc based on a current price of $0.77 and an average consensus analyst price target of $8.58. Trevena Inc shares should first meet resistance at the 200-day moving average (MA) of $1.74 and find additional resistance at the 50-day MA of $1.81.

SmarTrend is monitoring the recent change of momentum in Trevena Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Trevena Inc in search of a potential trend change.

Keywords: 52 week high/lows trevena inc

Ticker(s): TRVN