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Vanda Pharmaceut: New 52-Week Low Set Today (VNDA)

By Nick Russo

Shares of Vanda Pharmaceut (NASDAQ:VNDA) traded today at $12.35, breaking its 52-week low. This new low was reached on below average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 752,000 shares.

In the past 52 weeks, shares of Vanda Pharmaceut have traded between the current low of $12.35 and a high of $33.44 and are now at $12.35. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.9%.

Vanda Pharmaceut has overhead space with shares priced $12.35, or 43.0% below the average consensus analyst price target of $21.67. Vanda Pharmaceut shares should first meet resistance at the 50-day moving average (MA) of $14.58 and find additional resistance at the 200-day MA of $20.21.

Vanda Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of clinical-stage, small molecule product candidates for central nervous system disorders.

SmarTrend recommended that its subscribers protect gains by selling shares of Vanda Pharmaceut on February 1st, 2019 by issuing a Downtrend alert when the shares were trading at $26.35. Since that call, shares of Vanda Pharmaceut have fallen 50.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows vanda pharmaceut

Ticker(s): VNDA