Rebounding Stocks: Nanosphere, Inc. (NASDAQ:NSPH), Up 5.71%, Jamba, Inc. (NASDAQ:JMBA) Up 5.19%
Northern, WI 05/22/2013 (GDPInsider) – Nanosphere, Inc. (NASDAQ:NSPH) opened trading today at 3.58, a good 0.08 cents above its previous close of 3.50. The stock had a strong showing today, recoding a range of 3.50 and 3.84. At close NSPH was up 5.71% on trading volume of 1,654,405, a jump of 263.03% on average trading volume of 455,713.
Current market valuation means that NSPH is trading just 4.88% below its 52-week high of 3.89 but a solid 126.99% above its 52-week low of 1.63. NSPH’s technical chart shows a sharp uptick, a recovery from its decline occurring since the start of May 2013.
NSPH has seen considerable interest upon announcing its intent to develop and market Verigene System, the company’s experimental pathogen discovery drug. The drug is considered promising because it is geared at helping doctors identify the precise microbiological agents and how to subsequently treat them.
NSPH good run of form has helped the stock to continue trading 30.53% above its SMA20 and 45.75% above its SMA50. The stock has a RSI of 80.00 and a target price of 3.85.
Is NSPH a solid investment at these levels? Get exclusive data and trends here.
Jamba, Inc. (NASDAQ:JMBA) had a solid run in trading today after opening at 2.90, a modest 0.01 cent above its previous close of 2.89. The stock had a range of 2.89 and 3.09 with volume holding strong at 2,472,814. Trading activity today meant that volume jumped 199.77% on average trading volume of 824,908. At close today, JMBA was up 5.19%, its biggest gain in the last five trading sessions.
JMBA had solid developments today, reporting that its test partnership with PayPal is set to expand. Presently PayPal lets JMBA users pay for their orders via a PayPal app using their mobile phones. With the expansion of this partnership, JMBA will expand its market reach and potentially accelerate the pace at which it generates revenues.
The stock is down 0.98% on its 52-week high of 1.81 but up 67.96% on its 52-week high of 3.07. JMBA is trading 8.71% above its SMA20 and 8.43% above its SMA50. Analysts have set a target price of 3.38 and the stock has a RSI of 68.34.
How Should Investors Trade JMBA Now? Get exclusive insights and updates here.
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