PLX Shares Experience Surge in Value

As published in a research note from H.C. Wainwright on June 08, 2020, Protalix BioTherapeutics Inc [PLX] has been retained to a Buy and the price target has been revised to $11. Analysts at Rodman & Renshaw resumed the stock at ‘”a Buy”‘ outlook in a report released in mid April. As of April 04, 2016, Rodman & Renshaw has initiated its “Buy” rating for PLX. Earlier on April 23, 2015, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PLX stock which previously was a “a Hold”.

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Analyzing PLX Stock Performance

During the last five days, there has been a surge of approximately 21.55%. Over the course of the year, Protalix BioTherapeutics Inc shares have dropped approximately -20.79%. Shares of the company reached a 52-week high of $1.8500 on 01/03/24 and a 52-week low of $0.8214 on 08/14/24. A 50-day SMA is recorded $1.1054, while a 200-day SMA reached $1.1811. Nevertheless, trading volume fell to 1.45 million shares from 0.3 million shares the previous day.

Support And Resistance Levels for Protalix BioTherapeutics Inc (PLX)

According to the 24-hour chart, there is a support level at 1.3100, which, if violated, would cause prices to drop to 1.2100. In the upper region, resistance lies at 1.4600. The next price resistance is at 1.5100. RSI (Relative Strength Index) is 68.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0962, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.