TMCnet - World's Largest Communications and Technology Community



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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To's Homepage ]

Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2016 Technology Marketing Corporation. All rights reserved | Privacy Policy