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Shares of Cerus Corp Rise Above Previous 52-Week High

By David Diaz

Shares of Cerus Corp (NASDAQ:CERS) traded at a new 52-week high today of $7.53. Approximately 278,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Cerus Corp (NASDAQ:CERS) defies analysts with a current price ($7.52) 6.9% above its average consensus price target of $7.00. The stock should find initial support at its 50-day moving average (MA) of $6.62 and further support at its 200-day MA of $4.75.

Over the past year, Cerus Corp has traded in a range of $2.10 to $7.53 and is now at $7.52, 258% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.9% while the 50-day MA has advanced 2.3%.

Cerus Corporation develops systems designed to enhance the safety of blood transfusions. The Company's systems inactivate pathogens in blood components and inactivate white blood cells, which are responsible for a variety of adverse transfusion reactions. Cerus' platform technologies prevent viral, bacterial, and cellular replication.

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

Keywords: 52 week high/lows cerus corp

Ticker(s): CERS