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TMCNet:  Cleveland Biolabs Up 5.2%, Shares Break Through Resistance (CBLI)

[January 03, 2013]

Cleveland Biolabs Up 5.2%, Shares Break Through Resistance (CBLI)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cleveland Biolabs (NASDAQ:CBLI) is one of today's best performing low-priced stocks, up 5.2% to $1.42 on 1.0x average daily volume. Thus far today, Cleveland Biolabs has traded 217,000 shares, vs. average volume of 215,000 shares per day. The stock has outperformed the Dow (5.2% to the Dow's 0.1%) and outperformed the S&P 500 (5.2% to the S&P's 0.2%) during today's trading.
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Potential upside of 111.3% exists for Cleveland Biolabs, based on a current level of $1.42 and analysts' average consensus price target of $3.00. Cleveland Biolabs shares should first meet resistance at the 50-day moving average (MA) of $1.47 and find additional resistance at the 200-day MA of $1.77.

In the past 52 weeks, shares of Cleveland Biolabs have traded between a low of $1.15 and a high of $4.06 and are now at $1.42, which is 23% above that low price. The 200-day and 50-day moving averages have moved 1.57% lower and 4.64% lower over the past week, respectively.

Cleveland Biolabs, Inc. develops pharmaceuticals. The Company develops drugs to protect humans from exposure to radiation.

SmarTrend recommended that its subscribers protect gains by selling shares of Cleveland Biolabs on October 19th, 2012 by issuing a Downtrend alert when the shares were trading at $1.90. Since that call, shares of Cleveland Biolabs have fallen 28.9%. 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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