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Downtrend Call Working As Spectrum Pharmaceuticals Stock Falls 37.1% (SPPI)
[April 04, 2013]

Downtrend Call Working As Spectrum Pharmaceuticals Stock Falls 37.1% (SPPI)

Apr 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Spectrum Pharmaceuticals (NASDAQ:SPPI) on February 26th, 2013 at $11.22. In approximately 1 month, Spectrum Pharmaceuticals has returned 37.08% as of today's recent price of $7.06.

Spectrum Pharmaceuticals share prices have moved between a 52-week high of $17.48 and a 52-week low of $6.92 and are now trading 2% above that low price at $7.06 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 2.7% lower over the past week, respectively.

Spectrum Pharmaceuticals Inc. develops in-licensed drugs for the treatment and supportive care of cancer patients. The Company's satraplatin is an oral, anti-cancer drug. Spectrum's Elsamitrucin targets non-Hodgkin's lymphoma, and Neoquin is being studied in the treatment of superficial bladder cancer. Spectrum also has a pipeline of pre-clinical neurological drug candidates.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Spectrum Pharmaceuticals.

Log in and add Spectrum Pharmaceuticals (SPPI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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