Seelos Therapeutics Inc (SEEL)

[kingme123]

Stock Trend Analysis - Buy, Sell or Hold "Apricus Biosciences, Inc" (APRI)?
APRI is in a very strong downtrend. For the last 52 weeks, APRI has maintained to stay firmly below the 200 day moving average for 87% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for APRI is also extremely bearish and weak, having traded almost 87% of the time below the 50 day moving average. The 20 day moving average is also indicating a very strong downtrend as APRI has been trading below its 20 SMA for 85% of the time in the last 8 weeks. APRI may be overdue for a relief rally but it has to be noted that as APRI is still in a strong downtrend characterized by the 200 SMA, currently at 2.45, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "APRI".
The analyst consensus estimates for the 1 year price target for this stock is $4.38* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 18 Sep 2013