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Stock to Watch: Amyris Down 6.0% (AMRS)

By Shiri Gupta

Amyris (NASDAQ:AMRS) is one of today's worst performing low-priced stocks, down 6.0% to $3.31 on 1.2x average daily volume. Amyris has traded 406,000 shares thus far today, vs. average volume of 329,000 shares per day. The stock has underperformed the Dow (-6.0% to the Dow's 0.0%) and underperformed the S&P 500 (-6.0% to the S&P's -0.0%) during today's trading.

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 has overhead space with shares priced $3.31, or 0.7% below the average consensus analyst price target of $3.33. Amyris shares have support at the 200-day moving average (MA) of $3.16 and additional support at the 50-day MA of $2.96.

Amyris share prices have moved between a 52-week high of $11.45 and a 52-week low of $1.57 and are now trading 111% above that low price at $3.31 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 3.8%.

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 18.7%. We continue to monitor AMRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: penny stocks amyris

Ticker(s): AMRS