How Technical Charts Are Flashing For ION Geophysical Corporation (IO), Lipocine Inc. (LPCN)

ION Geophysical Corporation (NYSE:IO) traded at an unexpectedly low level on 03/12/2018 when the stock experienced a -6.37% loss to a closing price of $25. The company saw 0.25 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 0.27 million shares a day, this signifies a pretty significant change over the norm.

ION Geophysical Corporation (IO) Max Upside Potential Is 36%

Analysts are speculating a 36% move, based on the high target price ($34) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $34 price target, but the stock is already up 681.25% from its recent lows. However, the stock is trading at -22.96% versus recent highs ($ 32.45). Analysts believe that we could see stock price minimum in the $34 range (lowest target price), allowing for another 36% jump from its current position. Leading up to this report, we have seen a 8.46% rise in the stock price over the last 30 days and a 80.51% increase over the past 3 months. Overall, the share price is up 26.58% so far this year. Additionally, IO had a day price range of $24.85 to $26.95.

ION Geophysical Corporation (IO) RSI Reaches 43.85

Heading into the stock price potential, ION Geophysical Corporation needs to grow just 36% to cross its median price target of $34. In order to determine directional movement, the 50-day and 200-day moving averages for ION Geophysical Corporation (NYSE:IO) are $24.49 and $15.67. Given that liquidity is king in short-term, IO is a stock with 12.31 million shares outstanding that normally trades 4.76% of its float. The stock price recently experienced a 5-day loss of -8.09% with 1.92 average true range (ATR). IO has a beta of 2.83 and RSI is 43.85.

Lipocine Inc. (NASDAQ:LPCN)’s -18.57% Lead Over A Technical Metric

On the other hand, Lipocine Inc. by far traveled 28.7% versus a 1-year low price of $1.15. The share price was last seen -6.33% lower, reaching at $1.48 on Mar. 12, 2018. At recent session, the prices were hovering between $1.42 and $1.58. This company shares are 525% off its target price of $9.25 and the current market capitalization stands at $31.76M. The recent change has given its price a -18.57% deficit over SMA 50 and -72.23% deficit over its 52-week high. The stock witnessed 23.33% gains, -57.95% declines and -61.05% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LPCN’s volatility during a week at 8.03% and during a month it has been found around 11.14%.

Lipocine Inc. (NASDAQ:LPCN) Is Less Active With 0.49 million Shares

Lipocine Inc. (LPCN) exchanged hands at an unexpectedly low level of 0.49 million shares over the course of the day. Noting its average daily volume at 0.79 million shares each day over the month, this signifies a pretty significant change over the norm.

Lipocine Inc. Is Worth At Least $2

The market experts are predicting a 643.24% rally, based on the high target price ($11) for Lipocine Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $2 range (lowest target price). If faced, it would be a 35.14% jump from its current position. Overall, the share price is down -56.98% year to date.

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