Questcor (QCOR) Gets Back Above Key Support Level

November 26, 2012 2:30 PM EST
Questcor Pharmacueticals, Inc. (Nasdaq: QCOR) shares are at two-month highs on volume Monday. The pharma is largely getting back above the $27.50 level, which provided modest support before gapping lower on disclosure of an SEC probe last September.

Volume of 1.9 million shares is lighter than average as investors and traders return from a long holiday weekend.

Currently, about 34 percent of shares are being held short, down from 44 percent in May. The stock has six Buys and four Holds, with the Street maintaining a $44 price target on the stock.

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