Shares of Par Pharmaceutical (NYSE:PRX) traded at a new 52-week high today of $39.46. Approximately 99,000 shares have traded hands today vs. average 30-day volume of 184,000 shares.
Par Pharmaceutical is currently trading at $39.46, approximately 7.9% above its 50-day moving average of $36.58. SmarTrend will be monitoring shares of PRX to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 1.14% while the 200-day MA has risen 0.9%.
In the past 52 weeks, shares of Par Pharmaceutical have traded between a low of $23.09 and a high of $39.19 and are now at $38.95, which is 69% above that low price.
SmarTrend currently has shares of Par Pharmaceutical in an Uptrend and issued the Uptrend alert on July 09, 2010 at $27.55. The stock has risen 39.8% since the Uptrend alert was issued
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