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Is AcelRx Pharmaceuticals Inc (ACRX) Ready to Breakout?

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Are you a technical investor? If so, it may be time to consider AcelRx Pharmaceuticals Inc (ACRX) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for ACRX.

This trend may have already begun, as shares of ACRX have moved by higher by 61.0% in just the past month. Plus, ACRX has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for AcelRx Pharmaceuticals Inc has plenty of life left.

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