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Stock to Watch: Pacific Biosciences of California Down 5.4% (PACB)
[January 24, 2013]

Stock to Watch: Pacific Biosciences of California Down 5.4% (PACB)

Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Pacific Biosciences of California (NASDAQ:PACB) is one of today's worst performing low-priced stocks, down 5.4% to $2.46 on 1.1x average daily volume. Pacific Biosciences of California has traded 472,000 shares thus far today, vs. average volume of 438,000 shares per day. The stock has underperformed the Dow (-5.4% to the Dow's 0.6%) and underperformed the S&P 500 (-5.4% to the S&P's 0.3%) 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.

Pacific Biosciences of California share prices have moved between a 52-week high of $5.27 and a 52-week low of $1.06 and are now trading 132% above that low price at $2.46 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has slid 0.3%.


Based on a current price of $2.46, Pacific Biosciences of California is currently 0.4% above its average consensus analyst price target of $2.45. The stock should find initial support at its 200-day moving average (MA) of $1.98 and further support at its 50-day MA of $1.80.

SmarTrend recommended that subscribers consider buying shares of Pacific Biosciences of California on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.41. Since that recommendation, shares of Pacific Biosciences of California have risen 84.4%. We continue to monitor PACB 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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