• Return to Headlines

51.8% Return Seen to Date on SmarTrend Akorn Inc Call (AKRX)

By Shiri Gupta

SmarTrend identified a Downtrend for Akorn Inc (NASDAQ:AKRX) on February 23rd, 2018 at $30.24. In approximately 4 months, Akorn Inc has returned 51.81% as of today's recent price of $14.57.

Over the past year, Akorn Inc has traded in a range of $10.76 to $33.73 and is now at $14.60, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.6%.

Akorn, Inc. is a niche pharmaceutical company that develops, manufactures, and markets generic and branded prescription pharmaceuticals. The Company manufactures sterile and non-sterile dosage forms, including ophthalmics, injectables, oral liquids, topicals, inhalants, and nasal sprays. Akorn markets its products to pharmacies, physicians, hospitals, and government agencies.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Akorn Inc.

Log in and add Akorn Inc (AKRX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights akorn inc

Ticker(s): AKRX