Hot Stock: Amyris, Shares Gain 10.3% (AMRS)
Amyris (NASDAQ:AMRS) is one of today's best performing low-priced stocks, up 10.3% to $3.53 on 1.2x average daily volume. Thus far today, Amyris has traded 296,000 shares, vs. average volume of 245,000 shares per day. The stock has outperformed the Dow (10.3% to the Dow's 0.0%) and outperformed the S&P 500 (10.3% to the S&P's 0.1%) during today's trading.
Amyris (NASDAQ:AMRS) is currently priced 5.5% above its average consensus analyst price target of $3.33. Amyris shares have support at the 200-day moving average (MA) of $3.25 and additional support at the 50-day MA of $2.72.
Amyris, Inc. is a renewable products company. The Company provides alternatives to select petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. Amyris is developing Brazilian sugarcane as its primary feedstock.
Amyris share prices have moved between a 52-week high of $12.29 and a 52-week low of $1.57 and are now trading 125% above that low price at $3.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.1%.
SmarTrend recommended that subscribers consider buying shares of Amyris on December 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.97. Since that recommendation, shares of Amyris have risen 7.9%. We continue to monitor AMRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: penny stocks amyris