• Return to Headlines

Depomed Has Returned 30.3% Since SmarTrend Recommendation (DEPO)

By James Quinn

SmarTrend identified a Downtrend for Depomed (NASDAQ:DEPO) on October 28th, 2016 at $22.73. In approximately 5 months, Depomed has returned 30.31% as of today's recent price of $15.84.

Over the past year, Depomed has traded in a range of $12.25 to $33.74 and is now at $15.84, 29% above that low. The 200-day and 50-day moving averages have moved 1.57% lower and 0.23% lower over the past week, respectively.

DepoMed, Inc. develops new and proprietary oral drug delivery technologies. The Company has developed a system designed to be retained in the stomach for an extended period of time while it delivers the incorporated drug or drugs. DepoMed has also developed a system designed to reduce gastrointestinal irritation.

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

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

Keywords: spotlights DepoMed

Ticker(s): DEPO