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Abaxis (ABAX) Upgrade Alert, Watch for 12.6% Technical Downtrend Reversal

Written on Fri, 07/30/2010 - 11:49am
By Chip Brian

Abaxis (NASDAQ:ABAX) upgraded to Overweight from Equal Weight, $24 target, at Stephens. The stock closed yesterday at $18.30 on volume of 179,800 shares, above average daily volume of 153,716.
Abaxis is currently below its 50-day moving average of $21.20 and below its 200-day moving average of $24.04.
SmarTrend is bearish on shares of ABAX and our subscribers received a Downtrend alert on July 01, 2010 at $20.95, which has returned 12.6% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): ABAX

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