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TMCNet:  Stock to Watch: Athersys Down 5.0% (ATHX)

[January 10, 2013]

Stock to Watch: Athersys Down 5.0% (ATHX)

Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Athersys (NASDAQ:ATHX) is one of today's worst performing low-priced stocks, down 5.0% to $1.14 on 1.0x average daily volume. Thus far today, Athersys has traded 391,000 shares, vs. average volume of 379,000 shares per day. The stock has underperformed the Dow (-5.0% to the Dow's 0.3%) and underperformed the S&P 500 (-5.0% to the S&P's 0.4%) 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 294.8% exists for Athersys, based on a current level of $1.14 and analysts' average consensus price target of $4.50. Athersys shares should encounter resistance at the 200-day moving average (MA) of $1.35 and support at the 50-day MA of $1.04.

In the past 52 weeks, shares of Athersys have traded between a low of $0.95 and a high of $2.33 and are now at $1.14, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Athersys. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Athersys in search of a potential trend change.

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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