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Wednesday 11 April 2012


Fermiscan Holdings strengthens above 50-day Exponential Moving Average Price
Fermiscan Holdings Limited, Australia's 21st largest health care company by market capitalisation, has strengthened above its trend. The price to 50-day EMAP ratio is 1.2, a bullish indicator. In the past 50 days this ratio has exceeded 1.2 11 times suggesting further upside. The 50- day EMAP has increased to 1.86c. An increase is another bullish indicator. The stock price soared 0.30c (or 15.0%) to close at 2.30c. Compared with the All Ordinaries index, which fell 46.0 points (or 1.0%) on the day, this was a relative price change of 16.0%.

Shares Outstanding: 1,264,915,667 Market Cap: $29.1 million
Closing Price: 2.30c