Athersys Up 6.0%, Shares Break Through Resistance (ATHX)

Nov 30, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Athersys (NASDAQ:ATHX) is one of today's best performing low-priced stocks, up 6.0% to $1.06 on 1.2x average daily volume. Thus far today, Athersys has traded 543,000 shares, vs. average volume of 453,000 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 -0.1%) 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.

Potential upside of 324.5% exists for Athersys, based on a current level of $1.06 and analysts' average consensus price target of $4.50. The stock should run into initial resistance at its 50-day moving average (MA) of $1.18 and subsequent resistance at its 200-day MA of $1.46.

In the past 52 weeks, shares of Athersys have traded between a low of $0.95 and a high of $2.42 and are now at $1.06, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Athersys on April 11th, 2012 by issuing a Downtrend alert when the shares were trading at $1.47. Since that call, shares of Athersys have fallen 31.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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