Pacific Biosciences of California Inc. (PACB) is a biotechnology company that develops and manufactures systems for gene sequencing and biological observation. Let's keep it simple, though, with a check of the stock's charts and indicators.
In this daily bar chart of PACB, below, we can see a "classic" saucer bottom formation. The shares bottomed in June/July and have worked higher. Now PACB trades above the rising 50-day moving average line and above the bottoming 200-day moving average line. A bullish golden cross buy signal can be seen in November with the 50-day line crossing above the 200-day line.
The On-Balance-Volume (OBV) line has improved from a low in June and tells me that buyers of PACB have been more aggressive for the past five months. The Moving Average Convergence Divergence (MACD) oscillator is bullish.