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TMCNet:  Stock to Watch: Inovio Biomedical Up 9.4% (INO)

[January 07, 2013]

Stock to Watch: Inovio Biomedical Up 9.4% (INO)

Jan 07, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Inovio Biomedical (AMEX:INO) is one of today's best performing penny stocks, up 9.4% to $0.58 on 1.4x average daily volume. Inovio Biomedical has traded 1.7 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has outperformed the Dow (9.4% to the Dow's -0.4%) and outperformed the S&P 500 (9.4% to the S&P's -0.4%) during today's trading.

There is potential upside of 302.4% for shares of Inovio Biomedical based on a current price of $0.58 and an average consensus analyst price target of $2.33. The stock should discover initial support at its 50-day moving average (MA) of $0.55 and subsequent support at its 200-day MA of $0.54.

In the past 52 weeks, shares of Inovio Biomedical have traded between a low of $0.38 and a high of $0.90 and are now at $0.58, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 2.28% lower over the past week, respectively.

Inovio Biomedical Corporation is focused on developing multiple DNA-based immunotherapies. The Company develops applications of electroporation using brief, controlled electrical pulses to increase cellular uptake of a useful biopharmaceutical.

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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