Las Vegas, NV -- (SBWIRE) -- 01/29/2013 -- A.P. Pharma, Inc. (OTC:APPA) has jumped more than 7 percent in today’s session to close at $0.79. This is not just it, today’s gains also seemed indicator for further rally in the stock as stock was actively traded with volume of 2.32 million shares while its average daily volume stands at 1.10 million shares.
One of the major reasons for high trading activity in the shares of A.P. Pharma Inc is that investors are anticipating it approval from FDA which could be major breakthrough the for the share price.
Looking at its price history it can also be seen that the stock price is about the break its resistance level of $0.82 which is also it’s highest in last one year. Will it be able to break its current resistance level and create new highs, investor do have their fingers crossed over that.
However, looking at its market potential, once the company gets approval from FDA its product APF530 is targeting a market with value of $900 million in United States.
To find out what OTCMAGIC projects for AP Pharma Inc for both short term and long term please click here: APPA
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