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Anika Therapeuti Down 25.9% Since SmarTrend Downtrend Call (ANIK)

By David Diaz

SmarTrend identified a Downtrend for Anika Therapeuti (NASDAQ:ANIK) on February 7th, 2018 at $60.34. In approximately 4 months, Anika Therapeuti has returned 25.89% as of today's recent price of $44.72.

Over the past year, Anika Therapeuti has traded in a range of $30.91 to $69.81 and is now at $44.72, 45% above that low. The 200-day and 50-day moving averages have moved 0.26% lower and 0.62% lower over the past week, respectively.

Anika Therapeutics, Inc. operates as an integrated orthopedic medicines company. The Company develops, manufactures, and commercializes therapeutic pain management solutions based on its proprietary hyaluronic acid (HA) technology. Anika Therapeutics markets its products worldwide.

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

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

Keywords: spotlights anika therapeuti

Ticker(s): ANIK