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TMCNet:  Psychemedics Shares Up 30.0% Since SmarTrend's Buy Recommendation (PMD)

[December 04, 2012]

Psychemedics Shares Up 30.0% Since SmarTrend's Buy Recommendation (PMD)

Dec 04, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Psychemedics (NASDAQ:PMD) on October 12th, 2011 at $8.47. In approximately 14 months, Psychemedics has returned 29.99% as of today's recent price of $11.01.


Over the past year, Psychemedics has traded in a range of $8.50 to $12.49 and is now at $11.01, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Psychemedics Corporation provides testing services for the detection of abused substances through the analysis of hair samples. The Company's testing methods utilize a patented technology for performing immunoassays on enzymatically dissolved hair samples with confirmation testing by mass spectrometry. Psychemedics screens for the presence of certain drugs of abuse in hair.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Psychemedics shares.Log in and add Psychemedics (PMD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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

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