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Pacific Biosciences of California, Inc. Message Board

  • rialist rialist Mar 7, 2013 9:44 AM Flag

    Good technical indications?

    I invest based on fundamentals. However, from a technical standpoint the daily chart seems to be presenting a nearly textbook example of a reverse head-and-shoulders bottom. Of course, the slight whiff of a buyout possibility ( Roche?) doesn't hurt. Outstanding level of insider buying is a big positive, as well.

    PACB doesn't present much to excite traders, but IMHO investors will be rewarded in time.

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    • Wow.

      Little did I know when I posted the prior post a couple of hours ago that we'd be breaking through the $2.39 resistance level so quickly... and with such fabulous volume!

      Great technicals AND buyout rumors.

      I'll take it for now, but PACB is worth MUCH more than $2.48 / share.

 
PACB
5.40+0.06(+1.12%)2:17 PMEDT

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