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Stock to Watch: Rexahn Pharmaceuticals Up 8.8% (RNN)
[February 04, 2013]

Stock to Watch: Rexahn Pharmaceuticals Up 8.8% (RNN)

Feb 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Rexahn Pharmaceuticals (AMEX:RNN) is one of today's best performing penny stocks, up 8.8% to $0.36 on 4.7x average daily volume. Thus far today, Rexahn Pharmaceuticals has traded 3.4 million shares, vs. average volume of 721,000 shares per day. The stock has outperformed the Dow (8.8% to the Dow's -0.8%) and outperformed the S&P 500 (8.8% to the S&P's -0.7%) during today's trading.

Rexahn Pharmaceuticals has overhead space with shares priced $0.36, or 76.1% below the average consensus analyst price target of $1.50. The stock should find resistance at its 200-day moving average (MA) of $0.42, as well as support at its 50-day MA of $0.33.

Rexahn Pharmaceuticals, Inc. is a biopharmaceutical company. The Company develops signal inhibitor therapies for cancer, and treatments for central nervous system diseases.

In the past 52 weeks, shares of Rexahn Pharmaceuticals have traded between a low of $0.28 and a high of $0.81 and are now at $0.36, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rexahn Pharmaceuticals on November 9th, 2012 by issuing a Downtrend alert when the shares were trading at $0.39. Since that call, shares of Rexahn Pharmaceuticals have fallen 15.4%. 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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