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TMCNet:  Stock to Watch: Cardium Therapeutics Up 6.5% (CXM)

[January 03, 2013]

Stock to Watch: Cardium Therapeutics Up 6.5% (CXM)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cardium Therapeutics (AMEX:CXM) is one of today's best performing penny stocks, up 6.5% to $0.21 on 2.3x average daily volume. Thus far today, Cardium Therapeutics has traded 538,000 shares, vs. average volume of 232,000 shares per day. The stock has outperformed the Dow (7.9% to the Dow's 0.1%) and outperformed the S&P 500 (7.9% to the S&P's 0.2%) during today's trading.
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Cardium Therapeutics Inc. is an interventional cardiology company. The Company focuses on late-stage clinical development and commercialization of DNA-based growth factor therapeutics as treatments for coronary artery disease and heart attack.

Cardium Therapeutics has overhead space with shares priced $0.20, or 59.0% below the average consensus analyst price target of $0.50. Cardium Therapeutics shares should encounter resistance at the 200-day moving average (MA) of $0.23 and support at the 50-day MA of $0.20.

In the past 52 weeks, Cardium Therapeutics share prices have been bracketed by a low of $0.17 and a high of $0.42 and are now at $0.20, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cardium Therapeutics on April 9th, 2012 by issuing a Downtrend alert when the shares were trading at $0.25. Since that call, shares of Cardium Therapeutics have fallen 22.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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