Affymetrix Inc: Target 30

Affymetrix is currently trading under the 50 & 200 DMA and has not been able to move past this barrier. Last week, after its earnings release, it seems to have regained its momentum. AFFX now has a good probability to move above the moving averages and hit the next resistance at $30.

Affimetrix may well have the potential to go beyond $30 but my current target is set at $30. Good Luck.