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Omeros Corp Trading Higher Today on Above-Average Volume, Consistent With Trend (OMER)

By James Quinn

Shares of Omeros Corp are trading up 7.0% to $21.42 today on above average volume. Today's volume of 799,000 shares tops the average 30-day volume of 325,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Omeros Corp on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.32. Since that recommendation, shares of Omeros Corp have risen 39.8%. We continue to monitor OMER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Omeros Corp share prices have been bracketed by a low of $7.20 and a high of $27.09 and are now at $21.43, 198% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.4%.

Keywords: unusual volume omeros corp

Ticker(s): OMER