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Shares of La Jolla Pharm Exhibit Possible Trend Reversal as it Trades Higher (LJPC)

By Nick Russo

The price of La Jolla Pharm shares has climbed to $18.10 (a 5.6% change) on heavy trading volume. Today's volume of 540,000 shares tops the average 30-day volume of 361,000 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 La Jolla Pharm on August 9th, 2018 by issuing a Downtrend alert when the shares were trading at $27.65. Since that call, shares of La Jolla Pharm have fallen 38.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

La Jolla Pharm share prices have moved between a 52-week high of $41.36 and a 52-week low of $17.01 and are now trading 3% above that low price at $17.44 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 5%.

Keywords: unusual volume la jolla pharm

Ticker(s): LJPC