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Hot Stock: Pacific Biosciences of California , Shares Drop 6.8% (PACB)
[June 21, 2013]

Hot Stock: Pacific Biosciences of California , Shares Drop 6.8% (PACB)

Jun 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Pacific Biosciences of California (NASDAQ:PACB) is one of today's worst performing low-priced stocks, down 6.8% to $2.47 on 1.1x average daily volume. Thus far today, Pacific Biosciences of California has traded 509,000 shares, vs. average volume of 453,000 shares per day. The stock has underperformed the Dow (-6.8% to the Dow's 0.2%) and underperformed the S&P 500 (-6.8% to the S&P's 0.2%) during today's trading.

Over the past year, Pacific Biosciences of California has traded in a range of $1.06 to $3.25 and is now at $2.47, 133% above that low. The 200-day and 50-day moving averages have moved 0.87% higher and 1.56% higher over the past week, respectively.

Pacific Biosciences of California (NASDAQ:PACB) has potential upside of 6.6% based on a current price of $2.47 and analysts' consensus price target of $2.63. Pacific Biosciences of California shares should encounter resistance at the 50-day moving average (MA) of $2.52 and support at its 200-day MA of $2.09.


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.

SmarTrend is tracking the current trend status for Pacific Biosciences of California and will alert subscribers who have PACB 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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