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Sangamo Biosciences Trading Higher Today on Above-Average Volume, Consistent With Trend (SGMO)
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Sangamo Biosciences shares are trading on heavy volume today, having risen 9.0% to $6.90. Today's volume of 406,000 shares tops the average 30-day volume of 233,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Sangamo Biosciences on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.77. Since that recommendation, shares of Sangamo Biosciences have risen 9.7%. We continue to monitor SGMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Sangamo Biosciences has traded in a range of $2.81 to $6.80 and is now at $6.64, 136% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.19% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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