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Jun
13
Filed Under (Medical, Stock Charts) by admin on 13-06-2009

My friend recently introduced to the beauty known as VVUS. Vivus Inc. is a pharmaceutical company focused on obesity drugs. The price has ranged from 2.72 to 9.27 in the past year but since its low of 2.72 in March when almost all stocks hit their year low, this stock has been gaining momentum off of news and volume is picking up. It is really rare to see a pharmaceutical company with a stock has been this stable while able to maintain buying momentum. I have no position in this but I think I will drop a few grand because technically this is a great play. There hasnt been any dramatic news that has caused this to jump even though this Reuters article could mean better things to come. Below is a chart illustrating my point.

VVUS

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