Technical look at VIVUS Inc.

by Josh VIVUS Inc. ($VVUS) is crossing above the 200 day moving average today. This is a bullish development, the 200 day is a well respected longer term resistance line. A confirming bounce off the the 200 day will further confirm today’s move above the long term resistance. From a technical perspective, resistance is around 15.54 which is the January high that was retested in late May. Shares have been printing higher highs and higher lows since April which would indicate bullish price action here in Q2. Shares have been trading above the 50 day average as well, which is currently at $13.15.

Volume is high today, 2,657,033 shares traded here by mid day with a 50 Day average volume of 2,3011,303 shares.

52 Week Range $9.86-$31.21 Market Cap 1,474,588,878 Average Volume 2,311,303 Dividend Yield 0.00% Institutional Ownership 79.10% Insider Ownership: 0.90% Percentage of Float Short 30.60% Beta 1.24

VIVUS Inc. VIVUS is a biopharmaceutical company engaged in the development and commercialization of therapeutic products for large underserved markets, including obesity and related morbidities, such as sleep apnea and diabetes and men’s sexual health.

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