TMCnet News
Pacific Biosciences of California Up 6.9%, Shares Break Through Resistance (PACB)Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Pacific Biosciences of California (NASDAQ:PACB) is one of today's best performing low-priced stocks, up 6.9% to $1.70 on 1.0x average daily volume. Thus far today, Pacific Biosciences of California has traded 331,000 shares, vs. average volume of 324,000 shares per day. The stock has outperformed the Dow (6.9% to the Dow's 0.3%) and outperformed the S&P 500 (6.9% to the S&P's 0.1%) during today's trading. 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. There is potential upside of 24.5% for shares of Pacific Biosciences of California based on a current price of $1.70 and an average consensus analyst price target of $2.12. The stock should find initial resistance at its 50-day moving average (MA) of $1.70 and further resistance at its 200-day MA of $2.59. In the past 52 weeks, Pacific Biosciences of California share prices have been bracketed by a low of $1.06 and a high of $5.27 and are now at $1.70, 60% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2%. SmarTrend is monitoring the recent change of momentum in Pacific Biosciences of California . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pacific Biosciences of California in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |