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Athersys Up 5.6%, Shares Break Through Resistance (ATHX)
[February 04, 2013]

Athersys Up 5.6%, Shares Break Through Resistance (ATHX)

Feb 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Athersys (NASDAQ:ATHX) is one of today's best performing low-priced stocks, up 5.6% to $1.71 on 1.6x average daily volume. Thus far today, Athersys has traded 960,000 shares, vs. average volume of 604,000 shares per day. The stock has outperformed the Dow (5.6% to the Dow's -0.8%) and outperformed the S&P 500 (5.6% to the S&P's -0.7%) 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.

In the past 52 weeks, Athersys share prices have been bracketed by a low of $0.95 and a high of $2.14 and are now at $1.71, 80% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 4.21% higher over the past week, respectively.


Athersys (NASDAQ:ATHX) has potential upside of 163.1% based on a current price of $1.71 and analysts' consensus price target of $4.50. The stock should discover initial support at its 200-day moving average (MA) of $1.33 and subsequent support at its 50-day MA of $1.14.

SmarTrend recommended that subscribers consider buying shares of Athersys on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.15. Since that recommendation, shares of Athersys have risen 41.5%. We continue to monitor ATHX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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