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Hot Stock: Teligent Inc, Shares Gain 13.9% (TLGT)

By David Diaz

Teligent Inc (NASDAQ:TLGT) is one of today's best performing low-priced stocks, up 13.9% to $3.72 on 5.3x average daily volume. Teligent Inc has traded 2.8 million shares thus far today, vs. average volume of 522,000 shares per day. The stock has underperformed the Dow (13.9% to the Dow's 255,767.4%) and outperformed the S&P 500 (13.9% to the S&P's 0.3%) during today's trading.

Teligent, Inc. manufactures and distributes pharmaceutical products. The Company offers creams, ointments, injections, and other medical products. Teligent markets its products in the United States.

Teligent Inc share prices have moved between a 52-week high of $9.54 and a 52-week low of $2.43 and are now trading 53% above that low price at $3.72 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.2%.

There is potential upside of 42.3% for shares of Teligent Inc based on a current price of $3.72 and an average consensus analyst price target of $5.30. Teligent Inc shares should encounter resistance at the 200-day moving average (MA) of $4.08 and support at the 50-day MA of $3.02.

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

Keywords: penny stocks teligent inc

Ticker(s): TLGT