Dendreon (DNDN) Shares Holding Above 50-Day SMA Following Test
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Shares of Dendreon (Nasdaq: DNDN) have just successfully tested the 50-day simple moving average after breaching and spiking sharply above this level just prior to 10am ET. The stock surged as much as 16 percent upon breaking out, running into some resistance at $7. Investors began taking profits around 10:20am ET, but the price is now moving higher again as the 50-day appears to be holding.
Dendreon shares last traded at $6.55, up about 5.7 percent from Monday's close.
Dendreon shares last traded at $6.55, up about 5.7 percent from Monday's close.
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