Pacific Biosciences of California (PACB) is engaged in the design, development and commercialization of innovative tools for biological research. This stock is trading up 5.2% to $2.42 in recent trading.
Today’s Range: $2.31-$2.62
52-Week Range: $2.04-$12.38
Three-Month Average Volume: 268,832
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.
Pacific Biosciences was also featured recently in "5 Stocks That Make Prime Acquisition Targets."