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Market Overview

Aastrom Biosciences: The Winning Streak Continues (ASTM)

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(via COMTEX News Network)--

Shares of Aastrom Biosciences (NASDAQ: ASTM) traded at a new 52-week high today of $4.43. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 1.9 million shares.

Aastrom Biosciences is currently trading at $4.35, approximately 118.4% above its 50-day moving average of $1.99. SmarTrend will be monitoring shares of ASTM to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 13.62% while the 200-day MA has risen 3.37%.

In the past 52 weeks, shares of Aastrom Biosciences have traded between a low of $1.32 and a high of $4.22 and are now at $4.38, which is 232% above that low price.

SmarTrend currently has shares of Aastrom Biosciences in an Uptrend and issued the Uptrend alert on October 28, 2010 at $2.10. The stock has risen 95.2% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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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

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