AEterna Zentaris Up 6.6%, Shares Break Through Resistance (AEZS)

Published on Thu, 05/16/2013 - 12:25
By Peter Chu in Market movers, AEZS, aeterna zentaris, nasdaq:aezs, penny stocks

AEterna Zentaris (NASDAQ:AEZS) is one of today's best performing low-priced stocks, up 6.6% to $2.08 on 2.8x average daily volume. Thus far today, AEterna Zentaris has traded 568,000 shares, vs. average volume of 204,000 shares per day. The stock has outperformed the Dow (6.6% to the Dow's 0.1%) and outperformed the S&P 500 (6.6% to the S&P's -0.0%) during today's trading.

Over the past year, AEterna Zentaris has traded in a range of $1.70 to $5.63 and is now at $2.08, 22% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.7%.

There is potential upside of 73.2% for shares of AEterna Zentaris based on a current price of $2.08 and an average consensus analyst price target of $3.60. The stock should hit resistance at its 200-day moving average (MA) of $2.50, as well as support at its 50-day MA of $1.91.

AEterna Zentaris Inc is a biopharmaceutical company focused in oncology and endocrine therapy. The Company's portfolio includes an orally-active inhibitor for multiple cancers, as well a product marketed for in vitro fertilization. AEterna Zentaris also develops and sells active ingredients, specialty chemicals, cosmetic, and nutritional products.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Wyndham Worldwide (NYSE:WYN) traded at a new 52-week high today of $78.98. So far toda ...

Whiting Petroleum Looks to Continue to T...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $91.00, breaking its 52-week hig ...

Weatherford International: 52-Week High ...

Weatherford International (NYSE:WFT) traded at a new 52-week high today of $24.88. So ...

Watch for Continued Gains in Shares of W...

Shares of Wabtec (NYSE:WAB) traded today at $85.18, breaking its 52-week high. This ne ...

Watch for Continued Gains in Shares of V...

Shares of Vanguard Natural Resources (NYSE:VNR) traded today at $33.04, breaking its 52 ...

VASCO Data Security International: The W...

VASCO Data Security International (NASDAQ:VDSI) traded at a new 52-week high today of $ ...

Shares of Universal Health Services Have...

Shares of Universal Health Services (NYSE:UHS) traded at a new 52-week high today of $9 ...

Shares of UDR Have Risen Above Previous ...

Shares of UDR (NYSE:UDR) traded today at $28.95, breaking its 52-week high. So far tod ...