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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
Fri, 27 May 2016NoneBullish EngulfingTue, 19 Apr 2016-9.24%
***Stock database and scans are updated around midnight (New York time) every trading day.
3.50 0.00 (0%) May 31 3:38pm EDT
Open: 3.32 Range: 3.30 - 3.54 Vol: 2.05M Avg Vol: 1.99M
EPS: 1.85 P/E ratio: 1.81 EBITDA: 441.10M Mkt Cap: 551.48M
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 3.26
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 3.23
Last Trade is above the 50 day moving average at 3.37
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 3.91
* 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)?

PDLI is in a very strong downtrend. For the last 52 weeks, PDLI has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range with a slight bullish bias. PDLI may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 3.91. Technically, there is very little reason to recommend a buy on this counter. 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 $3.75* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 27 May 2016
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