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Shares of Insys Therapeuti Exhibit Possible Trend Reversal as it Trades Higher (INSY)

By Amy Schwartz

Shares of Insys Therapeuti are trading today in above average volume, with the share price rising 8.8% to $7.64. Approximately 742,000 shares have changed hands today vs. average 30-day volume of 582,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Insys Therapeuti on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $9.31. Since that call, shares of Insys Therapeuti have fallen 24.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Insys Therapeuti have traded between a low of $4.10 and a high of $19.96 and are now at $7.67, which is 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume insys therapeuti

Ticker(s): INSY