Back to Main

Time to Buy PhotoMedex Inc. (PHMD) After Recent Moving Average Crossover? - Tale of the Tape

Posted: 11/11/2013 9:06:00 AM
Referenced Stocks: PHMD

PhotoMedex Inc. (PHMD) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for PHMD broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 21.9% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

PHOTOMEDEX INC (PHMD): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research