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Shares of SPPI Down 38.5% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Spectrum Pharmac (NASDAQ:SPPI) on September 10th, 2018 at $20.89. In approximately 2 months, Spectrum Pharmac has returned 38.52% as of today's recent price of $12.84.

Over the past year, Spectrum Pharmac has traded in a range of $11.52 to $25.29 and is now at $12.85, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 5.3%.

Spectrum Pharmaceuticals, Inc. is a biotechnology company with fully integrated commercial and drug development operations with a primary focus in oncology. The Company's strategy is comprised of acquiring, developing, and commercializing a broad and diverse pipeline of late-stage clinical and commercial products.

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

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

Keywords: spotlights spectrum pharmac

Ticker(s): SPPI