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Athersys Up 6.0%, Shares Break Through Resistance (ATHX)
[November 30, 2012]

Athersys Up 6.0%, Shares Break Through Resistance (ATHX)

Nov 30, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Athersys (NASDAQ:ATHX) is one of today's best performing low-priced stocks, up 6.0% to $1.06 on 1.2x average daily volume. Thus far today, Athersys has traded 543,000 shares, vs. average volume of 453,000 shares per day. The stock has outperformed the Dow (6.0% to the Dow's 0.0%) and outperformed the S&P 500 (6.0% to the S&P's -0.1%) during today's trading.

Athersys Incorporated is a biotechnology company. The Company has developed technologies that will help identify gene and related proteins and create synthetic human chromosomes.

Potential upside of 324.5% exists for Athersys, based on a current level of $1.06 and analysts' average consensus price target of $4.50. The stock should run into initial resistance at its 50-day moving average (MA) of $1.18 and subsequent resistance at its 200-day MA of $1.46.

In the past 52 weeks, shares of Athersys have traded between a low of $0.95 and a high of $2.42 and are now at $1.06, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Athersys on April 11th, 2012 by issuing a Downtrend alert when the shares were trading at $1.47. Since that call, shares of Athersys have fallen 31.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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