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Par Pharmaceutical Companies Inc Breaks Above 200-Day Moving Average - Bullish for PRX

By Market News Video Staff, Wednesday, November 30, 11:40 AM ET
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In trading on Wednesday, shares of Par Pharmaceutical Companies Inc (PRX) crossed above their 200 day moving average of $31.16, changing hands as high as $31.96 per share. Par Pharmaceutical Companies Inc shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of PRX shares, versus its 200 day moving average:

Par Pharmaceutical Companies Inc 200 Day Moving Average Chart

Looking at the chart above, PRX's low point in its 52 week range is $24.85 per share, with $39.57 as the 52 week high point that compares with a last trade of $31.45.

According to the ETF Finder at ETF Channel, PRX makes up 2.88% of the Dynamic Pharmaceuticals Portfolio ETF (AMEX:PJP) which is trading up by about 2.9% on the day Wednesday.

See what other ETFs contain PRX
See what other stocks are held by PJP

PRX operates in the Drugs & Pharmaceuticals sector, among companies like Corcept Therapeutics Inc (NASDAQ:CORT) which is up about 1.3% today, and Cadence Pharmaceuticals Inc (CADX) trading higher by about 1.4%. Below is a three month price history chart comparing the stock performance of PRX, versus CORT and CADX.

PRX,CORT,CADX Relative Performance Chart


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