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Downtrend Call Working As Flamel Technologies Stock Falls 21.1% (FLML)

By David Diaz

SmarTrend identified a Downtrend for Flamel Technologies (NASDAQ:FLML) on September 12th, 2016 at $13.18. In approximately 7 months, Flamel Technologies has returned 21.14% as of today's recent price of $10.39.

Over the past year, Flamel Technologies has traded in a range of $7.56 to $26.09 and is now at $10.39, 37% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 1.6%.

Flamel Technologies S.A. develops polymer technologies for applications such as drug delivery, biomaterials, and agrochemicals. The Company's programs include "Micropump" and "Medusa" in drug delivery, and "ColCys" in biomaterial-based medical devices. Flamel builds on its technology platforms to develop other products, such as new materials for opthalmic lens products.

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

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

Keywords: spotlights flamel technologies

Ticker(s): FLML