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Watch for Continued Losses in Shares of Cepheid (CPHD)

By James Quinn

Shares of Cepheid (NASDAQ:CPHD) traded today at $28.03, breaking its 52-week low. So far today approximately 241,000 shares have been exchanged, as compared to an average 30-day volume of 911,000 shares.

In the past 52 weeks, shares of Cepheid have traded between the current low of $28.03 and a high of $63.69 and are now at $28.33. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.2%.

Cepheid (NASDAQ:CPHD) has potential upside of 48.6% based on a current price of $28.33 and analysts' consensus price target of $42.10. The stock should find initial resistance at its 50-day moving average (MA) of $34.03 and further resistance at its 200-day MA of $46.71.

Cepheid, Inc. develops, manufactures, and markets microfluidic systems for analyzing nucleic acids in blood, urine, and other substances. The Company's technology is designed to detect infinitesimal amounts of disease-causing agents and contaminants in food and water and purify DNA and perform genetic profiling.

SmarTrend recommended that its subscribers protect gains by selling shares of Cepheid on January 15th, 2016 by issuing a Downtrend alert when the shares were trading at $31.97. Since that call, shares of Cepheid have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cepheid

Ticker(s): CPHD