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8 Jun

Watch List For Wednesday June 8, 2011

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CLSN is nearing a breakout above it’s recent high of $3.50. Early entry here could take shares into the $3.80’s leaving a nice trading range. It’s a biotech without tight support so be advised it could dip pretty quick too, however it appears by all the buyers that it wants to go higher.

CIGX has been channeling since the middle of April and it’s currently at the support of that channel. A larger time frame shows a bullish ascending triangle developing. Support is at the bottom channel line around $4.36 with resistance at $4.85 and $5.35 before a breakout  could be on our hands.

RXII appears to be reloading after nice run. Support has established at $1.15 and then the MA(50) at $1.00 with resistance at $1.50 and $1.65 allowing for a nice trading range.

ROYL has come back down to support, look for a trading range between the current price of $3.03 and resistance at $3.68 in the short term. Pull backs above $2.95 would signal the start of higher lows and could eventually lead to at $3.68 for you gamblers.

 

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