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Stock to Watch: Acadia Pharmaceuticals Up 9.4% (ACAD)Jun 15, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Acadia Pharmaceuticals (NASDAQ:ACAD) is one of today's best performing low-priced stocks, up 9.4% to $1.52 on 1.5x average daily volume. Thus far today, Acadia Pharmaceuticals has traded 335,000 shares, vs. average volume of 230,000 shares per day. The stock has outperformed the Dow (9.4% to the Dow's 0.5%) and outperformed the S&P 500 (9.4% to the S&P's 0.6%) during today's trading. Over the past year, Acadia Pharmaceuticals has traded in a range of $0.90 to $2.30 and is now at $1.52, 69% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.8%. Acadia Pharmaceuticals Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs for the treatment of central nervous system disorders. The company is currently working on the treatment of induced dysfunction in Parkinson's disease ,schizophrenia, neuropathic pain and glaucoma. Acadia Pharmaceuticals (NASDAQ:ACAD) has potential upside of 163.2% based on a current price of $1.52 and analysts' consensus price target of $4.00. The stock should discover initial support at its 50-day moving average (MA) of $1.49 and subsequent support at its 200-day MA of $1.40. SmarTrend recommended that its subscribers protect gains by selling shares of Acadia Pharmaceuticals on April 18th, 2012 by issuing a Downtrend alert when the shares were trading at $1.52. Since that call, shares of Acadia Pharmaceuticals have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |