Stocks usually LIFT OFF when bottoms found.
pacb likely hit bottom over the past 2 days...yesterday was the bottom...therefore, when a stock hits bottom , and its confirmed, a big BOUNCE is usually in order......1.30 was the low...now we move forward...this could easily be back in the 1.60s in a day or two...remember historically this stock was much higher...go look at a 5 year chart..wow..talk about buying low ! no bad news..just a forgotten stock..for now.
Sentiment: Strong Buy