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Investors look to Lighten Up on Shares of Discovery Laboratories, Shares Down 16.3% (DSCO)Mar 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Discovery Laboratories (NASDAQ:DSCO) is one of today's worst performing low-priced stocks, down 16.3% to $2.92 on 3.1x average daily volume. Thus far today, Discovery Laboratories has traded 7.4 million shares, vs. average volume of 2.4 million shares per day. The stock has underperformed the Dow (-16.3% to the Dow's 0.1%) and underperformed the S&P 500 (-16.3% to the S&P's 0.2%) during today's trading. Discovery Laboratories share prices have moved between a 52-week high of $5.39 and a 52-week low of $1.44 and are now trading 103% above that low price at $2.92 per share. The 200-day and 50-day moving averages have moved 0.93% higher and 5.57% higher over the past week, respectively. Discovery Laboratories, Inc. is a biopharmaceutical company that develops its proprietary surfactant technology as Surfactant Replacement Therapies (SRT) for respiratory diseases. Through this technology, pulmonary surfactants have the potential to be developed into a series of respiratory therapies for patients in the neonatal care unit, critical care unit and other hospital settings. Discovery Laboratories has overhead space with shares priced $2.92, or 51.3% below the average consensus analyst price target of $6.00. Discovery Laboratories shares have support at the 50-day moving average (MA) of $2.74 and additional support at the 200-day MA of $2.19. SmarTrend is monitoring the recent change of momentum in Discovery Laboratories. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discovery Laboratories in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |