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Hot Stock: Peregrine Pharmaceuticals, Shares Gain 44.3% (PPHM)
[January 07, 2013]

Hot Stock: Peregrine Pharmaceuticals, Shares Gain 44.3% (PPHM)

Jan 07, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Peregrine Pharmaceuticals (NASDAQ:PPHM) is one of today's best performing low-priced stocks, up 44.3% to $1.95 on 5.2x average daily volume. Thus far today, Peregrine Pharmaceuticals has traded 24.0 million shares, vs. average volume of 4.6 million shares per day. The stock has outperformed the Dow (44.3% to the Dow's -0.4%) and outperformed the S&P 500 (44.3% to the S&P's -0.4%) during today's trading.

Peregrine Pharmaceuticals (NASDAQ:PPHM) is currently priced 16.6% above its average consensus analyst price target of $1.62. Peregrine Pharmaceuticals shares have support at the 200-day moving average (MA) of $1.21 and additional support at the 50-day MA of $1.03.

Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on the research, development and commercialization of novel therapeutics for cancer and a wide range of viral diseases.


Peregrine Pharmaceuticals share prices have moved between a 52-week high of $5.50 and a 52-week low of $0.39 and are now trading 399% above that low price at $1.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.5% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Peregrine Pharmaceuticals on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.05. Since that recommendation, shares of Peregrine Pharmaceuticals have risen 28.6%. We continue to monitor PPHM 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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