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Peregrine Pharmaceuticals Up 7.7%, Shares Break Through Resistance (PPHM)
[February 14, 2013]

Peregrine Pharmaceuticals Up 7.7%, Shares Break Through Resistance (PPHM)

Feb 14, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Peregrine Pharmaceuticals (NASDAQ:PPHM) is one of today's best performing low-priced stocks, up 7.7% to $1.82 on 1.1x average daily volume. Thus far today, Peregrine Pharmaceuticals has traded 6.9 million shares, vs. average volume of 6.4 million shares per day. The stock has outperformed the Dow (7.7% to the Dow's -0.1%) and outperformed the S&P 500 (7.7% to the S&P's 0.0%) during today's trading.

Peregrine Pharmaceuticals (NASDAQ:PPHM) has potential upside of 92.3% based on a current price of $1.82 and analysts' consensus price target of $3.50. Peregrine Pharmaceuticals shares have support at the 50-day moving average (MA) of $1.71 and additional support at the 200-day MA of $1.42.

Peregrine Pharmaceuticals share prices have moved between a 52-week high of $5.50 and a 52-week low of $0.39 and are now trading 367% above that low price at $1.82 per share. The 200-day and 50-day moving averages have moved 1.67% higher and 2.52% higher over the past week, respectively.

Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on the research, development and commercialization of novel therapeutics for cancer and a wide range of viral diseases.

SmarTrend recommended that subscribers consider buying shares of Peregrine Pharmaceuticals on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.05. Since that recommendation, shares of Peregrine Pharmaceuticals have risen 61.0%. We continue to monitor PPHM 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:

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