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PDL BioPharma, Inc. (PDLI) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Biotechnology: Biological Products (No Diagnostic Substances)
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 20 Oct 2014NoneMorning StarWed, 08 Oct 20144.15%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.10 0.06 (0.75%) Oct 21 12:10pm EDT
Open: 8.08 Range: 7.90 - 8.15 Vol: 905.09K Avg Vol: 3.16M
EPS: 1.65 P/E ratio: 4.99 EBITDA: 435.1M Mkt Cap: 1.292B
Analyze "PDLI" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 7.94
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 7.64
Last Trade is below the 50 day moving average at 8.73
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 8.84
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PDLI

Stock Trend Analysis - Buy, Sell or Hold "PDL BioPharma, Inc." (PDLI)?

Although PDLI is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, PDLI has been trading above the 200 day moving average for 81% of the time with an average daily volume of 3.2M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however on a slight bearish bias, otherwise, it is also indicating range bound trading. Objectively, as long as PDLI is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 8.84. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PDLI".

The analyst consensus estimates for the 1 year price target for this stock is $7.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 20 Oct 2014
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