Headfake or Buy the Momentum Anavex Life Sciences Corp. (AVXL), Cymabay Therapeutics, Inc. (CBAY)

Anavex Life Sciences Corp. (NASDAQ:AVXL) popped in on a high volume green day. Volume on 19-Oct-17 came in at 0.39 million contracts. The daily trading volume has averaged 330.91 million shares a day in past 3 months. The first sale was made at $4.43 but later the stock became weaker, and closed with a gain of 5.66%. It was last traded at $4.67 apiece.

Anavex Life Sciences Corp. (AVXL): Outperform Candidate With 221.2% Upside Potential

Anavex Life Sciences Corp. is maintained at an average outperform rating by 2 stock analysts, and there are at least 10.55% of shares outstanding that are currently legally short sold. The shares went up by 13.9% in value last month. Year-to-date it jumped 17.93%. Analysts are turning out to be more optimistic than before, with 2 of analysts who cover Anavex Life Sciences Corp. (NASDAQ:AVXL) advice adding it to buy candidate list. Wall Street experts also assign a $15 price target on Anavex Life Sciences Corp., pointing towards a 221.2% rally from current levels. The stock is trading for about -29.67% less than its 52-week high.

AVXL Adds 7.36% In A Week

This company shares (AVXL) so far managed to recover 69.2% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 5.98% while shortening the period to a week, volatility was 6.02%. The share price has already crossed its 20 days moving average, floating at a distance of 11.12% and sits 9.22% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 7.36% gains and is down by -8.03% compared with its 200-day moving average of $4.29. Also, Anavex Life Sciences Corp. (AVXL) needs to expand a 40.66% increase it experienced over the past twelve months.

Cymabay Therapeutics, Inc. (NASDAQ:CBAY) Consensus Call At 1.7

As regular trading ended, Cymabay Therapeutics, Inc. (CBAY) stock brought in a -$0.47 drop to $8.18. The day started at a price of $8.66 but then traded as high as $8.84 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.7. Cymabay Therapeutics, Inc. is given 2 buy-equivalent recommendations, 0 sells and 0 holds. The company shares sank -11.09% from their peak of $ 9.20 and now has a $367.28 million market value of equity.

Cymabay Therapeutics, Inc. Could Grow 65.89% More

CBAY’s mean recommendation on Reuter’s scale presents no change from 1.71 thirty days ago to 1.71 now, which indicates a buy consensus from the analyst community. They see Cymabay Therapeutics, Inc. (CBAY) price hitting a mean target of $13.57 a share, meaning the stock still has potential that could lift the price another 65.89% Also, the recent close suggests the stock is underpriced by 95.6% compared to the most bullish target.

Cymabay Therapeutics, Inc. (CBAY) Returns 372.83% This Year

The company had seen its current volume reaching at 0.7 million shares in the last trade. That compares with the recent volume average of 1.05 million. At the close of regular trading, its last week’s stock price volatility was 6.88% which for the month reaches 6.6%. Cymabay Therapeutics, Inc. dipped to as low as $8.13 throughout the day and has returned 372.83% in this year. At one point in the past year, the shares traded as low as $1.15 but has recovered 611.3% since then.

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