What Technicals Say About Organovo Holdings Inc (OTCMKTS:ONVO)

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Las Vegas, NV -- (SBWIRE) -- 05/24/2013 -- Organovo Holdings Inc (OTCMKTS:ONVO) jumped 1.58% to $4.25 per share.

Organovo Holdings Inc began trading at $4.29 per share in the recent trading session. The stock has been moving in a consistently bearish trend since the start of May. The company traded 223,776 shares till mid day which is significantly lower than the company’s average volume of 503,841 shares per day. This shows that the stock is not ignited neither are the investors upbeat about the stock.

The stock prices of Organovo Holdings Inc were supported by the investors at $4.20 per share while the stock was resistant at $4.34 per share. The company holds 62.24 million outstanding shares of which 32.80% are held by the insiders of the company and other institutions hold 0.10%. At present, the company is trading at a market capitalization of $264.51 million.

To find out what OTCMAGIC projects for Organovo Holdings Inc for both short term and long term please click here: ONVO

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