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SmarTrend Watching for Potential Pullback in Shares of Pfenex Inc After 5.31% Gain

By Nick Russo

Pfenex Inc (AMEX:PFNX) traded in a range yesterday that spanned from a low of $13.34 to a high of $13.91. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $13.22 on volume of 245,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Pfenex Inc share prices have moved between a 52-week high of $13.95 and a 52-week low of $3.78 and are now trading 265% above that low price at $13.79 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 1.9%.

Keywords: rebounders amex:pfnx pfenex inc

Ticker(s): PFNX