OREX Crosses Below Key Moving Average Level

In trading on Monday, shares of Orexigen Therapeutics, Inc. (OREX) crossed below their 200 day moving average of $6.22, changing hands as low as $6.16 per share. Orexigen Therapeutics, Inc. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of OREX shares, versus its 200 day moving average:

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Orexigen Therapeutics, Inc. 200 Day Moving Average Chart

Looking at the chart above, OREX's low point in its 52 week range is $3.91 per share, with $7.84 as the 52 week high point — that compares with a last trade of $6.33.

According to the ETF Finder at ETF Channel, OREX makes up 1.48% of the SPDR S&P Biotech ETF ( XBI) which is trading lower by about 1.1% on the day Monday.

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