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Inovio Biomedical Bullish Moving Average Crossover Alert (INO)

By David Diaz

Today, shares of Inovio Biomedical (AMEX:INO) have crossed bullishly above their 10-day moving average of $8.97 on a volume of 289K 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, Inovio Biomedical share prices have been bracketed by a low of $4.50 and a high of $11.69 and are now at $9.08, 102% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 3.3%.

SmarTrend is tracking the current trend status for Inovio Biomedical and will alert subscribers who have INO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:ino inovio biomedical

Ticker(s): INO