C = Catalyst for a Stock’s Movement
Vivus is a biopharmaceutical company that is aiming to develop medication for obesity, sleep apnea, diabetes and male sexual health. All of these issues are very relevant in society today, so they are definitely researching the right fields at the right time. In order for this company to be successful, it must develop products that successfully address the targeted illnesses. If it is able to execute correctly, look for Vivus to reap huge profits as people look for solutions to these problems.
T = Technicals on the Stock Chart are Mixed
Like many biopharmaceutical companies, Vivus has seen its fair share of ups and downs. It made highs in the 1990s near $42 per share but later gave most gains back as it traded wildly between the $2 and $10 range for years. The stock broke out of this range last year and skyrocketed towards $30 only to give most of its gains back again. Vivus stock saw a nice uptrend consisting of higher highs and higher lows, and it is currently trading near the last breakout area. Can this price level hold? Let’s find out…