Acadia Pharma (ACAD) Hits New 52-Week High on Volume Over Key Resistance Level

October 5, 2012 12:47 PM EDT
Acadia Pharmaceuticals, Inc. (Nasdaq: ACAD) is showing some unusually strong volume Friday as shares pop to a new annual high.

Currently, about 4.6 million shares have traded compared with the daily average that is just below 1 million.

Causing the increased volume is ACADIA moving above the $2.80 level. That level was largely a resistance point for the pharma in September, which shares were parabolic.

With the exception of a spike higher in April 2011, this is the first time ACADIA has been back above $3 since September 2009.

The stock is currently up 1.5 percent on the session.

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NP on 2013-06-07 12:15:44
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I like your comment and believed in ACAD, look at currently share price $16.60

And a huzzah to you on 2012-10-05 23:46:41
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You must be on the placebo.

Rr on 2012-10-05 21:35:55
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Are u kidding me? What a joke, I personally plan to buy back at these prices, the market will adjust, plenty of time.

Hah might want to follow Adam F.
Mark on 2012-10-05 19:40:25
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Just follow Adam F. from the street, you'll lose all your money and could spend your time bashing real idiots like yourself. Some people should stay away from the's for grown folks.

What an idiot
Seriously?? on 2012-10-05 18:52:41
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If you are so big on ACAD, then Sheff just gave you another opportunity to buy more shares at a discount. If the data is good like you say it most likely will be then you have nothing to worry about. What price did you get in at? Why don't you just donate some cash to ACAD instead of playing the market, you obviously don't know sh*t.

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