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Stock Investors Bid Up Shares of CombiMatrix, Up 69.6%

Written on Thu, 02/21/2013 - 1:07pm
By Amy Schwartz

CombiMatrix (NASDAQ:CBMX) is one of today's biggest movers, up 69.6% to $4.85. The Dow Jones Industrial Average is now trading 0.4% lower to 13,874 and the S&P is trading 0.6% lower to 1,504.

CombiMatrix is in SmarTrend's Biotechnology industry and this industry is currently in a Downtrend according to our research. We are monitoring many other stocks on the move within this industry.

Over the past year, CombiMatrix has traded in a range of $1.40 to $17.50 and is now at $4.85, 246% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of CombiMatrix on December 14th, 2012 by issuing a Downtrend alert when the shares were trading at $6.86. Since that call, shares of CombiMatrix have fallen 58.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: market movers combimatrix

Ticker(s): CBMX

Contact Amy Schwartz



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