The Relative Strength (RS) Rating for Pacira Pharmaceuticals (PCRX) headed into a higher percentile Tuesday, as it got a lift from 67 to 71.
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This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Pacira Pharmaceuticals can continue to rebound and clear that threshold.
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Pacira Pharmaceuticals has moved more than 5% past a 68.18 entry in a second-stage cup without handle, meaning it’s now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 42% last quarter, up from -71% in the prior report. Revenue also increased, from -26% to 12%.
Pacira Pharmaceuticals earns the No. 6 rank among its peers in the Medical-Biomed/Biotech industry group. Avid Bioservices (CDMO) and Vanda Pharmaceuticals (VNDA) are also among the group’s highest-rated stocks.
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The post Pacira Pharmaceuticals Getting Closer To Key Technical Measure appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/pacira-pharmaceuticals-getting-closer-to-key-technical-measure/ on .
