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Stock to Watch: Achillion Pharma Up 5.7% (ACHN)

By Nick Russo

Achillion Pharma (NASDAQ:ACHN) is one of today's best performing low-priced stocks, up 5.7% to $3.81 on 1.3x average daily volume. Thus far today, Achillion Pharma has traded 1.4 million shares, vs. average volume of 1.1 million shares per day. The stock has outperformed the Dow (5.7% to the Dow's 0.3%) and outperformed the S&P 500 (5.7% to the S&P's 0.1%) during today's trading.

Potential upside of 44.4% exists for Achillion Pharma, based on a current level of $3.81 and analysts' average consensus price target of $5.50. Achillion Pharma shares should encounter resistance at the 50-day moving average (MA) of $4.12 and support at its 200-day MA of $3.01.

Achillion Pharmaceuticals Inc. is a biopharmaceutical company that discovers and develops solutions for infectious diseases such as HIV, hepatitis, and resistant bacterial infections.

Achillion Pharma share prices have moved between a 52-week high of $5.03 and a 52-week low of $1.29 and are now trading 195% above that low price at $3.81 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.8%.

SmarTrend is monitoring the recent change of momentum in Achillion Pharma. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Achillion Pharma in search of a potential trend change.

Keywords: penny stocks achillion pharma

Ticker(s): ACHN