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Investors look to Lighten Up on Shares of Exelixis, Shares Down 5.7% (EXEL)
[December 03, 2012]

Investors look to Lighten Up on Shares of Exelixis, Shares Down 5.7% (EXEL)

Dec 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Exelixis (NASDAQ:EXEL) is one of today's worst performing low-priced stocks, down 5.7% to $4.60 on 1.6x average daily volume. Thus far today, Exelixis has traded 3.5 million shares, vs. average volume of 2.2 million shares per day. The stock has underperformed the Dow (-5.7% to the Dow's 0.0%) and underperformed the S&P 500 (-5.7% to the S&P's 0.0%) during today's trading.

Exelixis (NASDAQ:EXEL) has potential upside of 23.9% based on a current price of $4.60 and analysts' consensus price target of $5.70. The stock should find initial resistance at its 50-day moving average (MA) of $4.93 and further resistance at its 200-day MA of $5.11.

Exelixis, Inc. is involved in comparative genomics and model system genetics. The Company's technologies focus on the identification and validation of novel screening targets and proteins and their function for the pharmaceutical, diagnostic, agricultural, and animal health industries. Exelixis' areas of research include CNS, inflammation, oncology, and metabolic disease.


In the past 52 weeks, Exelixis share prices have been bracketed by a low of $3.94 and a high of $12.82 and are now at $4.60, 17% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.21% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Exelixis and will alert subscribers who have EXEL 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

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