Transforming Network Infrastructure Industry News

TMCNet:  Peregrine Pharmaceuticals Up 7.7%, Shares Break Through Resistance (PPHM)

[February 14, 2013]

Peregrine Pharmaceuticals Up 7.7%, Shares Break Through Resistance (PPHM)

Feb 14, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Peregrine Pharmaceuticals (NASDAQ:PPHM) is one of today's best performing low-priced stocks, up 7.7% to $1.82 on 1.1x average daily volume. Thus far today, Peregrine Pharmaceuticals has traded 6.9 million shares, vs. average volume of 6.4 million shares per day. The stock has outperformed the Dow (7.7% to the Dow's -0.1%) and outperformed the S&P 500 (7.7% to the S&P's 0.0%) during today's trading.

Peregrine Pharmaceuticals (NASDAQ:PPHM) has potential upside of 92.3% based on a current price of $1.82 and analysts' consensus price target of $3.50. Peregrine Pharmaceuticals shares have support at the 50-day moving average (MA) of $1.71 and additional support at the 200-day MA of $1.42.

Peregrine Pharmaceuticals share prices have moved between a 52-week high of $5.50 and a 52-week low of $0.39 and are now trading 367% above that low price at $1.82 per share. The 200-day and 50-day moving averages have moved 1.67% higher and 2.52% higher over the past week, respectively.

Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on the research, development and commercialization of novel therapeutics for cancer and a wide range of viral diseases.

SmarTrend recommended that subscribers consider buying shares of Peregrine Pharmaceuticals on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.05. Since that recommendation, shares of Peregrine Pharmaceuticals have risen 61.0%. We continue to monitor PPHM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Transforming Network Infrastructure's Homepage ]

Featured Blog Entries

Reflections from an Interop Veteran and Alum

When I returned to the Fiber Mountain™ offices in Connecticut after exhibiting at Interop Las Vegas 2015, I couldn’t help but think about how much the event has evolved through the years. I have been attending this seminal IT and networking conference since its inception in 1986 when it was called the TCP/IP Vendor Workshop, focused on interoperability of various TCP/IP program stacks.

What Fiber Mountain's Interop Recognition Means for Our Industry

When Fiber Mountain™ began its journey with a launch at Interop New York last fall, we certainly believed that we had a solution that would make a significant impact in the data center space.

What On-Board Optics Means for Density and Flexibility

This past week I read an article in Lightwave Magazine and another in Network World about the formation of the Consortium for On-board Optics (COBO), a group that seeks to create specifications and increase the faceplate density of data center switches and adapters.

Scaling Hyperscale in an Age of Exponential Growth and Virtualization

Over the past several years server, network, storage and application virtualization has revolutionized the way hyperscale data centers are built by consolidating workloads. The trend has simplified network architecture significantly and resulted in huge cost savings as well.

Video Showcase