Athersys (ATHX) Momentum Accelerates Higher

December 22, 2009 12:11 PM EST
The momentum in Athersys, Inc. (Nasdaq: ATHX) is accelerating. Shares are now up 62%, to $4.01, breaking yesterday $3.95 high.

Shares were at just $1 on Friday, before news Monday of a stem cell deal with Pfizer which has propelled the shares into orbit.

Earlier today, an analyst at WBB Securities upgrade the stock to Buy with an aggressive $8 price target.

While some momentum traders are playing the long side here, still others are setting up to short the shares.

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Insiders' Blog, Momentum Movers