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TMCNet:  Traders Get Bullish on Shares of AEterna Zentaris, Shares Up 7.2% (AEZS)

[May 16, 2013]

Traders Get Bullish on Shares of AEterna Zentaris, Shares Up 7.2% (AEZS)

May 16, 2013 (SmarTrend(R) Spotlight via COMTEX) -- AEterna Zentaris (NASDAQ:AEZS) is one of today's best performing low-priced stocks, up 7.2% to $2.09 on 2.5x average daily volume. Thus far today, AEterna Zentaris has traded 505,000 shares, vs. average volume of 204,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's 0.1%) and outperformed the S&P 500 (7.2% to the S&P's 0.0%) during today's trading.


AEterna Zentaris share prices have moved between a 52-week high of $5.63 and a 52-week low of $1.70 and are now trading 23% above that low price at $2.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.5%.

Potential upside of 72.3% exists for AEterna Zentaris, based on a current level of $2.09 and analysts' average consensus price target of $3.60. The stock should find resistance at its 200-day moving average (MA) of $2.50, as well as support at its 50-day MA of $1.91.

AEterna Zentaris Inc is a biopharmaceutical company focused in oncology and endocrine therapy. The Company's portfolio includes an orally-active inhibitor for multiple cancers, as well a product marketed for in vitro fertilization. AEterna Zentaris also develops and sells active ingredients, specialty chemicals, cosmetic, and nutritional products.

SmarTrend is tracking the current trend status for AEterna Zentaris and will alert subscribers who have AEZS in their portfolio or watchlist when shares have changed trend direction.

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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