The Hourly View for SPPI
At the moment, SPPI (Get Ratings)’s price is up $0 (0.21%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
SPPI ranks 175th in terms of today’s price percentage change out of Pharmaceutical Products stocks.
SPPI’s Technical Outlook on the Daily Chart
At the time of this writing, SPPI’s price is down $-0.01 (-0.54%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Spectrum Pharmaceuticals Inc’s price action over the past 90 days can be seen via the chart below.
SPPI: Daily RSI Analysis
For SPPI News Traders
Investors and traders in SPPI may be particularly interested in the following story that came out in the past day:
New York, New York–(Newsfile Corp. – September 13, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Spectrum Pharmaceuticals, Inc. (“Spectrum”) (NASDAQ: SPPI) between December 27, 2018 and August 5, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Nevada. To get more …
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