Psychemedics Corp. (PMD) Stock: What Does the Chart Say Tuesday?

Psychemedics Corp. (PMD) stock is higher by 12.38% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Psychemedics Corp. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PMD!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PMD Stock Today?

Psychemedics Corp. (PMD) stock is higher by 2.39% while the S&P 500 is lower by -0.15% as of 9:57 AM on Tuesday, Nov 28. PMD is up $0.06 from the previous closing price of $2.30 on volume of 3,269 shares. Over the past year the S&P 500 is higher by 14.62% while PMD is lower by -59.52%. PMD lost -$0.68 per share in the over the last 12 months. To screen for more stocks like Psychemedics Corp. click here.

More About Psychemedics Corp.

Psychemedics Corp is a US-based company that provides testing services for the detection of drugs of abuse through the analysis of hair samples. The core business of the company is performing drug testing and reporting the results. Its drug testing services include training for collection of samples and storage of positive samples for its customers for an agreed-upon fee per unit tested of samples. The company also provides testimony to support the results of the tests. The testing methods of the company utilize a patented technology that digests the hair and releases drugs trapped in the hair without destroying the drugs. The company operates through a single segment being Drug testing services. Click Here to get the full Stock Report for Psychemedics Corp. stock.