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TMCNet:  AVANIR Pharmaceuticals Up 5.1%, Shares Break Through Resistance (AVNR)

[November 27, 2012]

AVANIR Pharmaceuticals Up 5.1%, Shares Break Through Resistance (AVNR)

Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- AVANIR Pharmaceuticals (NASDAQ:AVNR) is one of today's best performing low-priced stocks, up 5.1% to $2.68 on 1.1x average daily volume. Thus far today, AVANIR Pharmaceuticals has traded 1.2 million shares, vs. average volume of 1.0 million shares per day. The stock has outperformed the Dow (5.1% to the Dow's -0.3%) and outperformed the S&P 500 (5.1% to the S&P's -0.3%) during today's trading.
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AVANIR Pharmaceuticals Inc. develops, acquires, and markets treatments for central nervous system disorders, inflammation, and infectious diseases.

There is potential upside of 217.2% for shares of AVANIR Pharmaceuticals based on a current price of $2.68 and an average consensus analyst price target of $8.50. The stock should find initial resistance at its 200-day moving average (MA) of $3.11 and further resistance at its 50-day MA of $3.22.

In the past 52 weeks, shares of AVANIR Pharmaceuticals have traded between a low of $1.77 and a high of $4.05 and are now at $2.68, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of AVANIR Pharmaceuticals on October 31st, 2012 by issuing a Downtrend alert when the shares were trading at $2.92. Since that call, shares of AVANIR Pharmaceuticals have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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