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Angiotech Pharmaceuticals (ANPI) Surges 40%+ for Second Straight Session

December 28, 2010 9:54 AM EST
Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) is surging 40 percent higher today on heavier-than-normal volume.

There has been no news to explain the surge, but yesterday the stocks was up 49 percent so today is a continuation of that momentum.

The momentum seen in Angiotech Pharmaceuticals the past few sessions appears to be the same momentum seen in other sub-$1 biotech stocks for no apparent reason.


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