Breakout Stocks: PharmAthene, Inc. (NYSEMKT:PIP) Up 22.50%, ECOtality Inc. (NASDAQ:ECTY) Up 13.26%
Northern, WI 05/28/2013 (GDPInsider) – PharmAthene, Inc. (NYSEMKT:PIP) opened trading at 1.95, 0.35 cents above the previous close of 1.60. The stock is up 22.50% and trading with a range of 1.87 and 2.20. PIP is seeing breakout volume with current market valuation coming on the back of 4,942,949 million traded shares – 1,156% above average volume of 393,489.
The current uptrend comes after a decline shown on PIP’s technical chart as a southward reversal. The stock is now 4.39% below its 52-week high of 2.05 and 100% above its 52-week low of 0.98.
PIP has been fighting an on-going legal battle with SIGA Technologies the Delaware Supreme Court recently made a judgment in the case. The court reversed the award of an “equitable payment stream” by the Court of Chancery in its May 31, 2012 Final Order and Judgment in PharmAthene (PIP) v. SIGA Technologies and also remanded the case to the Court of Chancery for further proceedings to determine appropriate damages.
Despite news of the judgment, PIP continues to trade strongly and is up 16.36% on its SMA20 and 18.20% on its SMA50. The stock has a RSI of 70.82 and analysts have set a target price of 7.25
Is PIP a solid investment at these levels? Get exclusive data and trends here.
ECOtality Inc. (NASDAQ:ECTY) is up 13.26% on todays trading after starting the day at 1.96, 0.07 cents above previous close of 1.89. ECTY has a range of 1.8635 and 2.36 and has seen a strong surge in volume with 2.397 million shares changing hands. Average volume is 554.56K and the stock is down 5.83% on its 52-week high of 2.40 and up 769.23% on its 52-week low of 0.26.
ECTY is an industry leader in the design, manufacture, testing, and commercializing of electric vehicle (EV) charging and energy storage systems in the United States and internationally. The company recently unveiled Blink HQ, a new family of electric vehicle (EV) charging products for the home. This new family is expected to complement the existing Blink Network and allow drivers to charge vehicles both at home and on the go.
ECTY is trading 27.65% above its SMA20 and 62.36% above its SMA50. The stock is just below overbought territory with a RSI of 67.21 and analysts have set a target price of 2.20.
How Should Investors Trade ECTY Now? Get exclusive insights and updates here.
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