Immunomedics, Inc. (NASDAQ:IMMU) Undervalued
IMMUNOMEDICS closed up 0.090 at 3.700. Volume was 98% below average (consolidating) and Bollinger Bands were 36% wider than normal.
Open High Low Close Volume___
3.590 3.700 3.590 3.700 24,386
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 3.71 2.96 2.51
Volatility: 84 70 85
Volume: 1,339,965 1,022,556 972,760
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
IMMUNOMEDICS is currently 47.3% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into IMMU.O (bullish). Our trend forecasting oscillators are currently bullish on IMMU.O and have had this outlook for the last 27 periods.
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