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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
Tue, 28 Jul 2015NoneDojiFri, 26 Jun 2015-9.52%
***Stock database and scans are updated around midnight (New York time) every trading day.
5.89 0.00 (0%) Jul 28 3:59pm EDT
Open: 5.870 Range: 5.850 - 5.960 Vol: 2.39M Avg Vol: 2.73M
EPS: 1.92 P/E ratio: 3.07 EBITDA: 454.61M Mkt Cap: 965.68M
Analyze "PDLI" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.04
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 6.25
Last Trade is below the 50 day moving average at 6.41
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 7.18
* 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 85% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for PDLI is also extremely bearish and weak, having traded almost 87% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as PDLI has been trading below its 20 SMA for 72.5% of the time in the last 8 weeks. As PDLI is in a strong downtrend characterized by the 200 SMA, currently at 7.18, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although PDLI may get a short term oversold bounce around here. 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 $7.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Jul 2015
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