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Stock to Watch: Chelsea Therapeutics International Down 7.4% (CHTP)
[December 28, 2012]

Stock to Watch: Chelsea Therapeutics International Down 7.4% (CHTP)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Chelsea Therapeutics International (NASDAQ:CHTP) is one of today's worst performing penny stocks, down 7.4% to $0.75 on 1.5x average daily volume. Thus far today, Chelsea Therapeutics International has traded 2.1 million shares, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-7.7% to the Dow's -0.6%) and underperformed the S&P 500 (-7.7% to the S&P's -0.5%) during today's trading.

Chelsea Therapeutics International Ltd. is a biopharmaceutical company developing a pipeline of low toxicity antifolate compounds engineered to have anti-inflammatory and anti-tumor activity. The Company's lead candidate is in development as a metabolically inert treatment alternative to Methotrexate for rheumatoid arthritis, psoriasis, and other disorders.

Chelsea Therapeutics International (NASDAQ:CHTP) has potential upside of 368.0% based on a current price of $0.75 and analysts' consensus price target of $3.50. The stock should run into initial resistance at its 50-day moving average (MA) of $1.35 and subsequent resistance at its 200-day MA of $1.56.

Chelsea Therapeutics International share prices have moved between a 52-week high of $5.40 and a 52-week low of $0.70 and are now trading 7% above that low price at $0.75 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Chelsea Therapeutics International on December 5th, 2012 by issuing a Downtrend alert when the shares were trading at $1.16. Since that call, shares of Chelsea Therapeutics International have fallen 29.9%. 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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