New York, NY -- (SBWIRE) -- 12/12/2012 -- After review of last three trading sessions the following stocks have been rated +70 or more using the trade triangle analysis. Based on a pre-defined weighted trend formula for chart analysis, these stocks were rated from -100 (strong downtrend) to +100 (strong uptrend).
Somaxon Pharmaceuticals (NASDAQ:SOMX): Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops. Total Score +70
SOMX’s recent uptrend seems to be largely attributed to buyout from Pernix Therapeutics. Children&aposs medicine maker Pernix Therapeutics Holdings Inc. said Tuesday that it will buy insomnia treatment maker Somaxon Pharmaceuticals Inc. for about $25 million in stock.
SOMX’s shares were up 97% in intra-day trading and closed up 80% from the previous close of @1.47.
Use the Free Trade Triangle Smart Chart Scan to keep track of SOMX’s trend here:
Acura Pharmaceuticals (NASDAQ: ACUR): Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Total Score +90
Shares of Acura Pharmaceuticals Inc. jumped Monday after the company said it is now selling a new version of the decongestant pseudoephedrine that is more difficult to make into methamphetamine.
ACUR’s shares were up 83% on Tuesday, December 11th, 2012 and managed to close up 42% from the previous close of $2.45.
Use the Free Trade Triangle Smart Chart Scan to keep track of ACUR’s trend here:
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