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Impax Labs Inc Rising on Above-Average Volume, Consistent With Trend (IPXL)

By Amy Schwartz

Impax Labs Inc shares are trading on heavy volume today, having risen 9.6% to $18.35. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 539,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Impax Labs Inc on March 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.75. Since that recommendation, shares of Impax Labs Inc have risen 42.6%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Impax Labs Inc has traded in a range of $7.75 to $32.20 and is now at $18.25, 135% above that low. The 200-day and 50-day moving averages have moved 0.87% lower and 0.04% lower over the past week, respectively.

Keywords: unusual volume impax labs inc

Ticker(s): IPXL