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Downtrend Call Working As Depomed Inc Stock Falls 51.4% (DEPO)

By David Diaz

SmarTrend identified a Downtrend for Depomed Inc (NASDAQ:DEPO) on October 28th, 2016 at $22.73. In approximately 9 months, Depomed Inc has returned 51.41% as of today's recent price of $11.05.

In the past 52 weeks, shares of Depomed Inc have traded between a low of $9.38 and a high of $27.02 and are now at $11.04, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.2%.

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 Inc.

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

Keywords: spotlights depomed inc

Ticker(s): DEPO