( click to enlarge )KaloBios Pharmaceuticals Inc (NASDAQ:KBIO) had another very productive day as we saw gains of over 19% accompanied by heavy volume and I believe it has more room to run. MACD is also indicating that the current short term price trend is very bullish. In addition, the On Balance Volume is sharply increasing indicating accumulation of shares in the market. The short-term outlook remains positive for the stock.
( click to enlarge )CTI BioPharma Corp (NASDAQ:CTIC) looks to be setting up for an upside move, as the stock has held up well the past few days. Resistance is $2.45. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. Stay tuned.
( click to enlarge )Bioline RX Ltd (NASDAQ:BLRX) made a strong upside reversal today on high volume. Expect an initial run up to $2.75 with a break higher moving to the $3 zone.
( click to enlarge )Sequenom, Inc. (NASDAQ:SQNM) showed buying strength all day. Broke DT line. The technical indicators are supporting the bullishness. So, keep the stock on your radar.
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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AC
