Dendreon Corporation: Crossing the 200 day on strong volume

by Josh Dendreon Corporation ($DNDN) is crossing above the 200 day moving average today. Shares were last at $5.08 here at the noon hour on a volume of 7,064,200 shares today, well above the 50 day volume of 4,792,540 shares. Technical traders look at heavy volume to confirm technical developments.

Option traders are also seeing a jump in implied volatility (impacting the price of options) today with IV ramping from 101% in the previous session to 127% today.

52 Week Range $3.69-$7.22 Market Cap 799,031,823 Average Volume 3,119,095 Dividend Yield 0.00% Institutional Ownership 58.10% Insider Ownership: 4.20% Percentage of Float Short 31.80% Beta 3.89

Dendreon Corporation Dendreon Corp is a biotechnology company focused on the discovery, development and commercialization of novel therapeutics that improve cancer treatment options for patients.

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