• Return to Headlines

Bullish Moving Average Cross by Inovio Biomedical (INO)

By David Diaz

Today, shares of Inovio Biomedical (AMEX:INO) have crossed bullishly above their 10-day moving average of $7.35 on a volume of 13.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Inovio Biomedical have traded between a low of $4.50 and a high of $11.69 and are now at $8.97, which is 99% above that low price. The 200-day and 50-day moving averages have moved 0.67% higher and 3.32% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Inovio Biomedical. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Inovio Biomedical in search of a potential trend change.

Keywords: moving crosses amex:ino inovio biomedical

Ticker(s): INO