Immunomedics, Inc. (NASDAQ:IMMU) Undervalued

Immunomedics, Inc. (NASDAQ:IMMU) Undervalued

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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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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