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TMCNet:  Traders Get Bullish on Shares of Oncothyreon, Shares Up 9.2% (ONTY)

[February 27, 2013]

Traders Get Bullish on Shares of Oncothyreon, Shares Up 9.2% (ONTY)

Feb 27, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Oncothyreon (NASDAQ:ONTY) is one of today's best performing low-priced stocks, up 9.2% to $2.03 on 2.5x average daily volume. Thus far today, Oncothyreon has traded 1.6 million shares, vs. average volume of 641,000 shares per day. The stock has outperformed the Dow (9.2% to the Dow's 0.9%) and outperformed the S&P 500 (9.2% to the S&P's 1.0%) during today's trading.
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Oncothyreon Inc. is a biotechnology company that develops therapeutic approaches to cancer management. The Company focuses on the development of synthetic vaccines and strategies for immunotherapy of cancer.

Oncothyreon has overhead space with shares priced $2.03, or 52.2% below the average consensus analyst price target of $4.25. The stock should find initial resistance at its 50-day moving average (MA) of $2.23 and further resistance at its 200-day MA of $4.01.

In the past 52 weeks, Oncothyreon share prices have been bracketed by a low of $1.71 and a high of $11.59 and are now at $2.03, 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 6.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oncothyreon on November 13th, 2012 by issuing a Downtrend alert when the shares were trading at $4.60. Since that call, shares of Oncothyreon have fallen 59.5%. 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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