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Traders Get Bullish on Shares of Advaxis Inc, Shares Up 26.0% (ADXS)

By Shiri Gupta

Advaxis Inc (NASDAQ:ADXS) is one of today's best performing low-priced stocks, up 26.0% to $1.54 on 2.8x average daily volume. Thus far today, Advaxis Inc has traded 2.1 million shares, vs. average volume of 754,000 shares per day. The stock has underperformed the Dow (26.0% to the Dow's 251,490.4%) and outperformed the S&P 500 (26.0% to the S&P's 0.0%) during today's trading.

Advaxis Inc., is a biotechnology company. The Company develops therapeutic cancer vaccines targeting cervical, head and neck, breast, prostate, and other cancers.

Advaxis Inc (NASDAQ:ADXS) has potential upside of 517.9% based on a current price of $1.54 and analysts' consensus price target of $9.50. The stock should run into initial resistance at its 50-day moving average (MA) of $1.70 and subsequent resistance at its 200-day MA of $2.52.

In the past 52 weeks, shares of Advaxis Inc have traded between a low of $1.15 and a high of $7.45 and are now at $1.54, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 1.3%.

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

Keywords: penny stocks advaxis inc

Ticker(s): ADXS