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Stock to Watch: Nanosphere Down 29.2% (NSPH)
Feb 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Nanosphere (NASDAQ:NSPH) is one of today's worst performing low-priced stocks, down 29.2% to $1.87 on 10.4x average daily volume. Nanosphere has traded 3.2 million shares thus far today, vs. average volume of 309,000 shares per day. The stock has underperformed the Dow (-29.2% to the Dow's 0.0%) and underperformed the S&P 500 (-29.2% to the S&P's 0.0%) during today's trading.
Nanosphere Inc. develops, manufactures and markets an advanced molecular diagnostics platform. The Company's system allows highly sensitive genomic and protein testing on a single platform.
Over the past year, Nanosphere has traded in a range of $1.51 to $3.89 and is now at $1.87, 24% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.4%.
Nanosphere (NASDAQ:NSPH) has potential upside of 140.7% based on a current price of $1.87 and analysts' consensus price target of $4.50. The stock should find initial resistance at its 200-day moving average (MA) of $2.76 and further resistance at its 50-day MA of $2.87.
SmarTrend is tracking the current trend status for Nanosphere and will alert subscribers who have NSPH in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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