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Traders Get Bullish on Shares of Neuralstem, Shares Up 7.3% (CUR)
Jan 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Neuralstem (AMEX:CUR) is one of today's best performing low-priced stocks, up 7.3% to $1.33 on 1.2x average daily volume. Neuralstem has traded 1.1 million shares thus far today, vs. average volume of 918,000 shares per day. The stock has outperformed the Dow (7.3% to the Dow's -0.0%) and outperformed the S&P 500 (7.3% to the S&P's -0.2%) during today's trading.
In the past 52 weeks, shares of Neuralstem have traded between a low of $0.42 and a high of $1.96 and are now at $1.33, which is 217% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.
Neuralstem (AMEX:CUR) has potential upside of 41.0% based on a current price of $1.33 and analysts' consensus price target of $1.88. The stock should find initial support at its 50-day moving average (MA) of $1.13 and further support at its 200-day MA of $1.00.
Neuralstem Inc. is a biotherapeutics company utilizing its Human Neural Stem Cell technology to develop cures for diseases of the CNS (central nervous system).
SmarTrend is tracking the current trend status for Neuralstem and will alert subscribers who have CUR in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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