Inovio Biomedical Up 7.2%, Penny Stock Attracts Attention (INO)

Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Inovio Biomedical (AMEX:INO) is one of today's best performing penny stocks, up 7.2% to $0.49 on 1.1x average daily volume. Inovio Biomedical has traded 817,000 shares thus far today, vs. average volume of 776,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's -0.3%) and outperformed the S&P 500 (7.2% to the S&P's -0.0%) during today's trading.

Potential upside of 305.7% exists for Inovio Biomedical, based on a current level of $0.49 and analysts' average consensus price target of $2.00. The stock should find initial resistance at its 200-day moving average (MA) of $0.56 and further resistance at its 50-day MA of $0.63.

In the past 52 weeks, Inovio Biomedical share prices have been bracketed by a low of $0.35 and a high of $0.90 and are now at $0.49, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.7%.

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 monitoring the recent change of momentum in Inovio Biomedical. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Inovio Biomedical in search of a potential trend change.

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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