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Pacific Biosciences of California, Inc. Message Board

  • todd_tamco todd_tamco May 25, 2012 10:26 AM Flag

    Looking good!

    From a technical perspective, PACB is moving modestly higher here on decent volume. This move is quickly pushing PACB within range of triggering a major near-term breakout trade. That trade will hit once PACB takes out some resistance at $2.69 and then its 50-day moving average of $2.93 with high-volume.

    Traders should look for long-biased trades off a sustained move or close above those levels with volume that’s near or above 268,832 shares. If we get that action soon, then look for PACB to trend higher back towards its 200-day moving average of $3.74 or possibly above $4.

7.47-0.29(-3.74%)2:51 PMEDT