AVNX Reserves Downwards Trend

Posted on Thursday 27 April 2006



AVNX finally snapped out of its recent slump on Thursday, finishing the day up over 4% to close the session at $2.33. After another negative day looked likely after the open, the stock managed to get it together, and actually finish the day strong. Volume was on the light side though, with over 10 million shares of the stock changing hands, compared to a normal daily average of just over 12.9 million shares. I would have liked to have seen stronger volume on Thursday, but it’s a start anyways. After participating in a broad sector rally to begin the year, AVNX has been slumping recently, trading down from a high of $3+ to a Thursday close of $2.33.



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