Astute Investors Are Taking a Second Look at Unilife Corporation (NASDAQ:UNIS), page-10

Unilife Corporation (NASDAQ:UNIS) on Watch After Reaching Key Levels
April 6, 2017 Aiken Contributor
Many investors are viewing shares of Unilife Corporation (NASDAQ:UNIS) to be “oversold” as the equity reached $0.31 on a recent check. From a technical standpoint, “oversold” can simply mean that the stock is having a Relative Strength Index (RSI) under 30. Unilife Corporation (NASDAQ:UNIS) RSI currently stands at 8.66.
Moving Averages
When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security. We see here that the stock is -82.43% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -84.47% from current levels. Further back, their 200-Day Simple Moving Average is -87.76% difference from today’s price. Currently, the stock is -88.10% from its 50-Day High and -73.56% from the 50-day low.
Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 18.38% and month of 9.61%. So are analysts giving the Buy signal at this juncture? Sell-side firms currently have a consensus recommendation of 2.00 on the shares. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell.
Analysts are projecting the stock to trade at 10.77 within the next 12-18 months.
https://aikenadvocate.com/unilife-corporation-nasdaqunis-on-watch-after-reaching-key-levels/133250/