SPPI Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of Spectrum Pharmaceuticals Inc (SPPI) crossed below their 200 day moving average of $8.38, changing hands as low as $8.33 per share. Spectrum Pharmaceuticals Inc shares are currently trading off about 2.4% on the day. The chart below shows the one year performance of SPPI shares, versus its 200 day moving average:

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Spectrum Pharmaceuticals Inc 200 Day Moving Average Chart

Looking at the chart above, SPPI's low point in its 52 week range is $6.92 per share, with $13.00 as the 52 week high point — that compares with a last trade of $8.39.

According to the ETF Finder at ETF Channel, SPPI makes up 1.01% of the SPDR S&P Biotech ETF ( XBI) which is trading lower by about 1.4% on the day Friday.

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