PhotoMedex (PHMD) Shares are Down -10.5%

PhotoMedex (PHMD) has risen sharply, recording gains of 4.04% in the past 4 weeks. However, the stock has corrected -10.5% in the past 1 week, providing a good buying opportunity on dips. PhotoMedex (PHMD) : During the past 4 weeks, traders have been relatively bearish on PhotoMedex (PHMD), hence the stock is down -2.54% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.05% relative to the S&P 500.

PhotoMedex (NASDAQ:PHMD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.25 and $0.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.25, notching a gain of 7.26% for the day. The total traded volume was 811,619 . The stock had closed at $0.23 on the previous day.


The stock has recorded a 20-day Moving Average of 2.32% and the 50-Day Moving Average is 6.12%. PhotoMedex, Inc. has dropped 35.97% during the last 3-month period . Year-to-Date the stock performance stands at -44.51%.

PhotoMedex, Inc. is a global skin health company. The Company provides integrated disease management and aesthetic solutions to dermatologists, professional aestheticians and consumers. The Company has three operating segments: Consumer, Physician Recurring and Professional. The Companys Consumer segment is engaged in the design, development, manufacturing and selling of long-term hair reduction and acne consumer products. The Companys Physician Recurring segment is engaged in the XTRAC procedures performed by dermatologists, sale of skincare products, sale of surgical disposables and accessories to hospitals and surgery centers, and the repair, maintenance and replacement parts on its various products. The Companys Professional segment is engaged in the sale of equipment, such as lasers, medical and esthetic light and heat based products and light-emitting diode (LED) products.

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