Shares of ADVENTRX Pharmaceuticals ANX are trading up 9.6% to $3.53 today on above average volume. Approximately 1.4 million shares have traded hands today vs. average 30-day volume of 1.3 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of ANX to see if this bullish momentum will continue.
SmarTrend currently has shares of ADVENTRX Pharmaceuticals in an Uptrend and issued the Uptrend alert on April 28, 2011 at $2.65. The stock has risen 21.5% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 1.67% while the 200-day MA has risen 0.84%.
In the past 52 weeks, shares of ADVENTRX Pharmaceuticals have traded between a low of $1.70 and a high of $4.21 and are now at $3.52, which is 107% above that low price.
Write to Chip Brian at cbrian@mysmartrend.com
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