CADX Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Cadence Pharmaceuticals Inc (CADX) crossed below their 200 day moving average of $5.77, changing hands as low as $5.71 per share. Cadence Pharmaceuticals Inc shares are currently trading down about 4.2% on the day. The chart below shows the one year performance of CADX shares, versus its 200 day moving average:

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Cadence Pharmaceuticals Inc 200 Day Moving Average Chart

Looking at the chart above, CADX's low point in its 52 week range is $2.88 per share, with $8.26 as the 52 week high point — that compares with a last trade of $5.74.

According to the ETF Finder at ETF Channel, CADX makes up 2.20% of the Dynamic Biotechnology & Genome Portfolio ETF ( PBE) which is trading lower by about 1.1% on the day Wednesday.

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