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Investors look to Lighten Up on Shares of Sinovac Biotech, Shares Down 9.4% (SVA)
[April 18, 2013]

Investors look to Lighten Up on Shares of Sinovac Biotech, Shares Down 9.4% (SVA)


Apr 18, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Sinovac Biotech (AMEX:SVA) is one of today's worst performing low-priced stocks, down 9.4% to $3.74 on 1.1x average daily volume. Thus far today, Sinovac Biotech has traded 796,000 shares, vs. average volume of 746,000 shares per day. The stock has underperformed the Dow (-9.4% to the Dow's -0.3%) and underperformed the S&P 500 (-9.4% to the S&P's -0.4%) during today's trading.



Sinovac Biotech (AMEX:SVA) is currently priced 47.9% above its average consensus analyst price target of $1.95. Sinovac Biotech shares have support at the 50-day moving average (MA) of $3.55 and additional support at the 200-day MA of $2.87.

Sinovac Biotech Ltd. researches, develops, manufactures, and markets various vaccines, including flu vaccines and vaccines for Hepatitis A. The Company's products are sold in the Peoples Republic of China and other countries.


Over the past year, Sinovac Biotech has traded in a range of $1.64 to $5.09 and is now at $3.74, 128% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Sinovac Biotech on December 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.01. Since that recommendation, shares of Sinovac Biotech have risen 37.2%. We continue to monitor SVA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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