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Depomed Rising on Above-Average Volume, Consistent With Trend (DEPO)

By David Diaz

Shares of Depomed are trading today in above average volume, with the share price rising 10.6% to $23.50. Approximately 3.9 million shares have changed hands today vs. average 30-day volume of 2.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Depomed and will alert subscribers who have DEPO in their portfolio or watchlist when shares have changed trend direction.

Depomed share prices have moved between a 52-week high of $33.74 and a 52-week low of $12.25 and are now trading 91% above that low price at $23.41 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.2%.

Keywords: unusual volume DepoMed

Ticker(s): DEPO