|
Traders Get Bullish on Shares of Pacific Biosciences of California , Shares Up 7.2% (PACB)
Mar 11, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Pacific Biosciences of California (NASDAQ:PACB) is one of today's best performing low-priced stocks, up 7.2% to $2.54 on 1.3x average daily volume. Thus far today, Pacific Biosciences of California has traded 560,000 shares, vs. average volume of 427,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's 0.2%) and outperformed the S&P 500 (7.2% to the S&P's 0.1%) during today's trading.
Potential upside of 1.7% exists for Pacific Biosciences of California , based on a current level of $2.54 and analysts' average consensus price target of $2.58. Pacific Biosciences of California shares have support at the 50-day moving average (MA) of $2.31 and additional support at the 200-day MA of $1.93.
Over the past year, Pacific Biosciences of California has traded in a range of $1.06 to $3.99 and is now at $2.54, 140% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.0% while the 200-day MA has remained constant.
Pacific Biosciences of California Inc. has developed a novel approach to studying the synthesis and regulation of DNA, RNA and protein. The Company's system enables real-time analysis of biomolecules with single molecule resolution.
SmarTrend is tracking the current trend status for Pacific Biosciences of California and will alert subscribers who have PACB in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
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
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To Technology News's Homepage ]
|
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
