Traders Get Bullish on Shares of Columbia Laboratories, Shares Up 7.0% (CBRX)

Aug 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Columbia Laboratories (NASDAQ:CBRX) is one of today's best performing penny stocks, up 7.0% to $0.88 on 1.1x average daily volume. Thus far today, Columbia Laboratories has traded 288,000 shares, vs. average volume of 274,000 shares per day. The stock has outperformed the Dow (7.0% to the Dow's 0.1%) and outperformed the S&P 500 (7.0% to the S&P's 0.1%) during today's trading.

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Columbia Laboratories (NASDAQ:CBRX) has potential upside of 71.0% based on a current price of $0.88 and analysts' consensus price target of $1.50. The stock should find resistance at its 200-day moving average (MA) of $1.24, as well as support at its 50-day MA of $0.75.

Columbia Laboratories, Inc. is an international pharmaceutical company that develops and markets women's health care and endocrinology products. The Company develops products intended to treat infertility, dysmenorrhea, endometriosis, and hormonal deficiencies, primarily utilizing its Bioadhesive Delivery System technology. Columbia markets Striant, and Prochieve 8% and 4%.

In the past 52 weeks, Columbia Laboratories share prices have been bracketed by a low of $0.61 and a high of $2.96 and are now at $0.88, 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has advanced 1.5%.

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

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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