AEterna Zentaris Inc. (AEZS)

[MCRod]

Hot Stock: AEterna Zentaris, Shares Gain 8.8% (AEZS)
Written on Tue, 07/24/2012 - 12:46pm
By James Quinn
AEterna Zentaris (NASDAQ:AEZS) is one of today's best performing penny stocks, up 8.8% to $0.47 on 1.2x average daily volume. Thus far today, AEterna Zentaris has traded 1.3 million shares, vs. average volume of 1.0 million shares per day. The stock has outperformed the Dow (8.8% to the Dow's -1.1%) and outperformed the S&P 500 (8.8% to the S&P's -1.2%) during today's trading.

In the past 52 weeks, AEterna Zentaris share prices have been bracketed by a low of $0.38 and a high of $2.25 and are now at $0.47, 23% above that low price. The 200-day and 50-day moving averages have moved 1.25% lower and 1.62% lower over the past week, respectively.

Potential upside of 44.2% exists for AEterna Zentaris, based on a current level of $0.47 and analysts' average consensus price target of $0.68. The stock should run into initial resistance at its 50-day moving average (MA) of $0.47 and subsequent resistance at its 200-day MA of $1.23.

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.

SmarTrend is tracking the current trend status for AEterna Zentaris and will alert subscribers who have AEZS in their portfolio or watchlist when shares have changed trend direction.


http://www.mysmartrend.com/news-briefs/technical-analysis/hot-stock-aeterna-zentaris-shares-gain-88-aezs-0