Orexigen Therapeutics (OREX) Shares Cross Above 200 DMA

In trading on Wednesday, shares of Orexigen Therapeutics, Inc. (OREX) crossed above their 200 day moving average of $5.66, changing hands as high as $5.97 per share. Orexigen Therapeutics, Inc. shares are currently trading up about 17.3% 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 $3.11 per share, with $7.82 as the 52 week high point — that compares with a last trade of $6.01.

According to the ETF Finder at ETF Channel, OREX makes up 1.10% of the SPDR S&P Biotech ETF ( XBI) which is trading lower by about 0.4% on the day Wednesday.

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