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TMCNet:  Hot Stock: Aastrom Biosciences, Shares Gain 5.8% (ASTM)

[February 22, 2013]

Hot Stock: Aastrom Biosciences, Shares Gain 5.8% (ASTM)

Feb 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Aastrom Biosciences (NASDAQ:ASTM) is one of today's best performing low-priced stocks, up 5.8% to $1.25 on 1.0x average daily volume. Aastrom Biosciences has traded 342,000 shares thus far today, vs. average volume of 339,000 shares per day. The stock has outperformed the Dow (5.8% to the Dow's 0.5%) and outperformed the S&P 500 (5.8% to the S&P's 0.5%) during today's trading.
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Potential upside of 197.6% exists for Aastrom Biosciences, based on a current level of $1.25 and analysts' average consensus price target of $3.72. The stock should run into initial resistance at its 50-day moving average (MA) of $1.34 and subsequent resistance at its 200-day MA of $1.68.

Aastrom Biosciences share prices have moved between a 52-week high of $2.72 and a 52-week low of $1.11 and are now trading 13% above that low price at $1.25 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.5%.

Aastrom Biosciences, Inc. develops autologous stem/progenitor cell products for the repair/regeneration of tissues based on Tissue Repair Cell (TRC) adult stem cell technology. The Company's products contain bone marrow stem and progenitor cells that are produced from cells originating from the patient.

SmarTrend recommended that its subscribers protect gains by selling shares of Aastrom Biosciences on August 6th, 2012 by issuing a Downtrend alert when the shares were trading at $1.88. Since that call, shares of Aastrom Biosciences have fallen 37.2%. 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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