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TMCNet:  Cleveland Biolabs Up 7.4%, Shares Break Through Resistance (CBLI)

[April 04, 2013]

Cleveland Biolabs Up 7.4%, Shares Break Through Resistance (CBLI)

Apr 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cleveland Biolabs (NASDAQ:CBLI) is one of today's best performing low-priced stocks, up 7.4% to $2.19 on 1.5x average daily volume. Thus far today, Cleveland Biolabs has traded 402,000 shares, vs. average volume of 268,000 shares per day. The stock has outperformed the Dow (7.4% to the Dow's 0.2%) and outperformed the S&P 500 (7.4% to the S&P's 0.3%) during today's trading.

Cleveland Biolabs has overhead space with shares priced $2.19, or 27.0% below the average consensus analyst price target of $3.00. The stock should discover initial support at its 200-day moving average (MA) of $1.72 and subsequent support at its 50-day MA of $1.70.

In the past 52 weeks, shares of Cleveland Biolabs have traded between a low of $1.15 and a high of $2.95 and are now at $2.19, which is 90% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.

Cleveland Biolabs, Inc. develops pharmaceuticals. The Company develops drugs to protect humans from exposure to radiation.

SmarTrend recommended that subscribers consider buying shares of Cleveland Biolabs on February 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.72. Since that recommendation, shares of Cleveland Biolabs have risen 18.6%. We continue to monitor CBLI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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