Cipher Pharmaceuticals (OTCMKTS:CPHRF) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Cipher Pharmaceuticals Inc. (OTCMKTS:CPHRFGet Free Report) (TSE:CPH) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.26 and traded as high as $10.67. Cipher Pharmaceuticals shares last traded at $10.60, with a volume of 21,458 shares changing hands.

Cipher Pharmaceuticals Stock Performance

The stock has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $10.27.

Cipher Pharmaceuticals Company Profile

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Cipher Pharmaceuticals Inc is a specialty pharmaceutical company that develops, acquires and commercializes prescription products in respiratory and dermatology markets. Founded in 2004 and headquartered in Vancouver, British Columbia, the company focuses on in-licensing established therapies and launching them under its own commercial infrastructure in North America.

In the respiratory segment, Cipher markets generic inhalation therapies for conditions such as asthma and chronic obstructive pulmonary disease (COPD).

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