Immunomedics (IMMU) Bullish Technical Alert - Trend Up 66.4%

Immunomedics (NASDAQ:IMMU) is trading 2% higher (up $0.09 to $4.66) today on volume of 169,916 shares. The stock has traded within a 52-week range of $0.84 and $7.16.

Immunomedics is currently above its 200-day moving average of $2.63 and should find resistance at its 50-day moving average of $5.17.

SmarTrend is bullish on shares of IMMU and our subscribers received an Uptrend alert on July 14, 2009 at $2.80, which has returned 66.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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