user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 467562 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Chelsea Therapeutics International Up 10.0%, Shares Break Through Resistance (CHTP)

Published on Wed, 03/27/2013 - 10:24
By Adrienne Chilton

Chelsea Therapeutics International (NASDAQ:CHTP) is one of today's best performing low-priced stocks, up 10.0% to $2.03 on 1.8x average daily volume. Thus far today, Chelsea Therapeutics International has traded 4.3 million shares, vs. average volume of 2.4 million shares per day. The stock has outperformed the Dow (9.7% to the Dow's -0.4%) and outperformed the S&P 500 (9.7% to the S&P's -0.4%) during today's trading.

Potential upside of 127.8% exists for Chelsea Therapeutics International, based on a current level of $2.03 and analysts' average consensus price target of $4.62. The stock should discover initial support at its 50-day moving average (MA) of $1.31 and subsequent support at its 200-day MA of $1.23.

Chelsea Therapeutics International Ltd. is a biopharmaceutical company developing a pipeline of low toxicity antifolate compounds engineered to have anti-inflammatory and anti-tumor activity. The Company's lead candidate is in development as a metabolically inert treatment alternative to Methotrexate for rheumatoid arthritis, psoriasis, and other disorders.

Over the past year, Chelsea Therapeutics International has traded in a range of $0.70 to $4.21 and is now at $2.03, 190% above that low. The 200-day and 50-day moving averages have moved 0.67% higher and 4.52% higher over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Relatively Good Performance Detected in ...

Below are the top five companies in the Aerospace & Defense industry as measured by rel ...

Wyndham Worldwide: 52-Week High Recently...

Shares of Wyndham Worldwide (NYSE:WYN) traded today at $82.94, breaking its 52-week hig ...

Shares of Watsco Have Fallen Below Previ...

Shares of Watsco (NYSE:WSO) traded today at $87.50, breaking its 52-week low. So far t ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Westport Innovations (NASDAQ:WPRT) traded today at $11.05, breaking its 52-we ...

Watch for Continued Gains in Shares of W...

Shares of Waste Management (NYSE:WM) traded at a new 52-week high today of $47.69. App ...

WellPoint: 52-Week High Recently Eclipse...

Shares of WellPoint (NYSE:WLP) traded today at $122.86, breaking its 52-week high. App ...

Wells Fargo: The Winning Streak Continue...

Shares of Wells Fargo (NYSE:WFC) traded at a new 52-week high today of $53.80. So far ...

Vantage Drilling Looks to Continue to Tr...

Shares of Vantage Drilling (AMEX:VTG) traded at a new 52-week low today of $1.50. So f ...