TMCNet:  Inovio Biomedical Down 6.2%, Shares Slide into the Red (INO)

[January 23, 2013]

Inovio Biomedical Down 6.2%, Shares Slide into the Red (INO)

Jan 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Inovio Biomedical (AMEX:INO) is one of today's worst performing penny stocks, down 6.2% to $0.68 on 1.5x average daily volume. Inovio Biomedical has traded 2.1 million shares thus far today, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-6.2% to the Dow's 0.4%) and underperformed the S&P 500 (-6.2% to the S&P's -0.0%) during today's trading.


Potential upside of 196.3% exists for Inovio Biomedical, based on a current level of $0.68 and analysts' average consensus price target of $2.00. The stock should discover initial support at its 200-day moving average (MA) of $0.54 and subsequent support at its 50-day MA of $0.54.

Inovio Biomedical Corporation is focused on developing multiple DNA-based immunotherapies. The Company develops applications of electroporation using brief, controlled electrical pulses to increase cellular uptake of a useful biopharmaceutical.

In the past 52 weeks, shares of Inovio Biomedical have traded between a low of $0.38 and a high of $0.90 and are now at $0.68, which is 78% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.41% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Inovio Biomedical on January 8th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $0.65. Since that recommendation, shares of Inovio Biomedical have risen 10.8%. We continue to monitor INO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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