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Akorn Inc Shares Up 43.6% Since SmarTrend's Buy Recommendation (AKRX)

Feb 09, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Akorn Inc (NASDAQ:AKRX) on February 15th, 2017 at $21.68. In approximately 12 months, Akorn Inc has returned 43.59% as of today's recent price of $31.13.

In the past 52 weeks, Akorn Inc share prices have been bracketed by a low of $17.61 and a high of $35.40 and are now at $31.13, 77% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.2%.

Akorn, Inc. is a niche pharmaceutical company that develops, manufactures, and markets generic and branded prescription pharmaceuticals. The Company manufactures sterile and non-sterile dosage forms, including ophthalmics, injectables, oral liquids, topicals, inhalants, and nasal sprays. Akorn markets its products to pharmacies, physicians, hospitals, and government agencies.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Akorn Inc shares.Log in and add Akorn Inc (AKRX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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