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Shares of Zogenix Inc Down on Above Average Volume, Moving Against Trend (ZGNX)

By James Quinn

Shares of Zogenix Inc are trading up 19.9% to $55.50 today on above average volume. About 2.3 million shares have been traded today, as compared to the 30-day average volume of 540,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Zogenix Inc and will alert subscribers who have ZGNX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Zogenix Inc share prices have been bracketed by a low of $7.33 and a high of $58.30 and are now at $55.50, 657% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume zogenix inc

Ticker(s): ZGNX