TMCnet - World's Largest Communications and Technology Community



Pacific Biosciences of California Up 6.9%, Shares Break Through Resistance (PACB)
[November 28, 2012]

Pacific Biosciences of California Up 6.9%, Shares Break Through Resistance (PACB)

Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Pacific Biosciences of California (NASDAQ:PACB) is one of today's best performing low-priced stocks, up 6.9% to $1.70 on 1.0x average daily volume. Thus far today, Pacific Biosciences of California has traded 331,000 shares, vs. average volume of 324,000 shares per day. The stock has outperformed the Dow (6.9% to the Dow's 0.3%) and outperformed the S&P 500 (6.9% to the S&P's 0.1%) 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.

There is potential upside of 24.5% for shares of Pacific Biosciences of California based on a current price of $1.70 and an average consensus analyst price target of $2.12. The stock should find initial resistance at its 50-day moving average (MA) of $1.70 and further resistance at its 200-day MA of $2.59.

In the past 52 weeks, Pacific Biosciences of California share prices have been bracketed by a low of $1.06 and a high of $5.27 and are now at $1.70, 60% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2%.

SmarTrend is monitoring the recent change of momentum in Pacific Biosciences of California . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pacific Biosciences of California in search of a potential trend change.

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

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy