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Hot Stock: Discovery Laboratories, Shares Gain 6.0% (DSCO)Feb 14, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Discovery Laboratories (NASDAQ:DSCO) is one of today's best performing low-priced stocks, up 6.0% to $2.29 on 1.7x average daily volume. Discovery Laboratories has traded 357,000 shares thus far today, vs. average volume of 204,000 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 0.0%) during today's trading. There is potential upside of 213.0% for shares of Discovery Laboratories based on a current price of $2.29 and an average consensus analyst price target of $7.17. Discovery Laboratories shares should encounter resistance at the 200-day moving average (MA) of $2.54 and support at the 50-day MA of $2.25. Discovery Laboratories, Inc. is a biopharmaceutical company that develops its proprietary surfactant technology as Surfactant Replacement Therapies (SRT) for respiratory diseases. Through this technology, pulmonary surfactants have the potential to be developed into a series of respiratory therapies for patients in the neonatal care unit, critical care unit and other hospital settings. In the past 52 weeks, shares of Discovery Laboratories have traded between a low of $1.44 and a high of $5.39 and are now at $2.29, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.4%. SmarTrend is tracking the current trend status for Discovery Laboratories and will alert subscribers who have DSCO in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |