Traders Get Bullish on Shares of Amyris, Shares Up 7.1% (AMRS)
Amyris (NASDAQ:AMRS) is one of today's best performing low-priced stocks, up 7.1% to $3.77 on 1.2x average daily volume. Thus far today, Amyris has traded 318,000 shares, vs. average volume of 272,000 shares per day. The stock has outperformed the Dow (7.1% to the Dow's -0.6%) and outperformed the S&P 500 (7.1% to the S&P's -0.6%) during today's trading.
Amyris share prices have moved between a 52-week high of $11.75 and a 52-week low of $1.57 and are now trading 140% above that low price at $3.77 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.0%.
Amyris (NASDAQ:AMRS) defies analysts with a current price ($3.77) 11.6% above its average consensus price target of $3.33. The stock should find initial support at its 200-day moving average (MA) of $3.23 and further support at its 50-day MA of $2.74.
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.
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