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Shares of Mirati Therapeut Are Down on Strong Volume (MRTX)

By Amy Schwartz

The price of Mirati Therapeut shares has slipped to $72.95 (a -8.6% change) on heavy trading volume. Approximately 1.3 million shares have changed hands today vs. average 30-day volume of 490,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Mirati Therapeut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mirati Therapeut in search of a potential trend change.

In the past 52 weeks, Mirati Therapeut share prices have been bracketed by a low of $24.65 and a high of $80.00 and are now at $63.58, 158% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Keywords: unusual volume mirati therapeut

Ticker(s): MRTX