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TMCNet:  Downtrend Call Working As Amarin Stock Falls 21.9% (AMRN)

[April 02, 2013]

Downtrend Call Working As Amarin Stock Falls 21.9% (AMRN)

Apr 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Amarin (NASDAQ:AMRN) on December 7th, 2012 at $9.65. In approximately 4 months, Amarin has returned 21.93% as of today's recent price of $7.53.

Over the past year, Amarin has traded in a range of $6.77 to $15.96 and is now at $7.53, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Amarin Corporation PLC is a clinical-stage biopharmaceutical company. The Company researches, develops, and commercializes drugs for the treatment of hypertriglyceridemia, central nervous system disorders, and cardiovascular diseases.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Amarin.


Log in and add Amarin (AMRN) 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 --------------------------------------------------------------------------------------------- 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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