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Investors look to Lighten Up on Shares of Curis, Shares Down 5.6% (CRIS)
Feb 20, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Curis (NASDAQ:CRIS) is one of today's worst performing low-priced stocks, down 5.6% to $2.85 on 1.1x average daily volume. Thus far today, Curis has traded 326,000 shares, vs. average volume of 300,000 shares per day. The stock has underperformed the Dow (-5.6% to the Dow's -0.1%) and underperformed the S&P 500 (-5.6% to the S&P's -0.4%) during today's trading.
In the past 52 weeks, shares of Curis have traded between a low of $2.77 and a high of $5.51 and are now at $2.85, which is 3% above that low price. The 200-day and 50-day moving averages have moved 0.44% lower and 0.33% lower over the past week, respectively.
Curis, Inc. develops therapeutics for the regeneration and restoration of human tissues and organs.
Potential upside of 145.6% exists for Curis, based on a current level of $2.85 and analysts' average consensus price target of $7.00. The stock should run into initial resistance at its 50-day moving average (MA) of $3.28 and subsequent resistance at its 200-day MA of $4.09.
SmarTrend recommended that its subscribers protect gains by selling shares of Curis on January 24th, 2013 by issuing a Downtrend alert when the shares were trading at $3.14. Since that call, shares of Curis have fallen 3.7%. 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
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