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Traders Get Bullish on Shares of Inovio Biomedical, Shares Up 6.2% (INO)Jun 14, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Inovio Biomedical (AMEX:INO) is one of today's best performing penny stocks, up 6.2% to $0.66 on 1.3x average daily volume. Thus far today, Inovio Biomedical has traded 1.7 million shares, vs. average volume of 1.2 million shares per day. The stock has outperformed the Dow (6.2% to the Dow's -0.5%) and outperformed the S&P 500 (6.2% to the S&P's -0.4%) during today's trading. Inovio Biomedical share prices have moved between a 52-week high of $0.83 and a 52-week low of $0.38 and are now trading 73% above that low price at $0.66 per share. The 200-day and 50-day moving averages have moved 0.26% higher and 1.21% higher over the past week, respectively. 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. Inovio Biomedical (AMEX:INO) has potential upside of 108.8% based on a current price of $0.66 and analysts' consensus price target of $1.38. The stock should discover initial support at its 50-day moving average (MA) of $0.62 and subsequent support at its 200-day MA of $0.61. SmarTrend is tracking the current trend status for Inovio Biomedical and will alert subscribers who have INO in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |