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Omeros Corp Trading Lower on Heavy Volume, Inline With Overall Trend (OMER)

By Nick Russo

Omeros Corp's stock is down 16.7% to $13.35 on heavy trading volume. Today's volume of 1.4 million shares tops the average 30-day volume of 1.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Omeros Corp on October 1st, 2018 by issuing a Downtrend alert when the shares were trading at $18.44. Since that call, shares of Omeros Corp have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Omeros Corp has traded in a range of $8.36 to $27.00 and is now at $13.48, 61% above that low. The 200-day and 50-day moving averages have moved 0.12% lower and 2.79% lower over the past week, respectively.

Keywords: unusual volume omeros corp

Ticker(s): OMER