( click to enlarge )CRIS Breakout again !!!! Really Cool !!!!!! Curis shares closed the day gaining more than 19% to a new 52-week high. CRIS has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in Curis stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it's predictable that tomorrow CRIS will reach new highs again.
( click to enlarge )THQI - There are signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $5.15. If the Bulls are able to push through this level, there will be another rally towards $5.50.
( click to enlarge )DRYS - Share price has been moving in a range between $7.64 and $5.86 since May. A break above $7.65 on a close basis could set a temporary rally to $8.68. At this stage, the stock can go either way, however the volume is picking up which is a good signal, probably a signal of accumulation. Intermediate trend remains neutral. Stop loss for medium-term investors can be at $5.86.
Other Stocks to watch - ( Pattern is Bullish Engulfing )
GGWPQ - GENERAL GROWTH PROP
OCLR - Bookham Technology plc
ACL - Alcon Inc
CNK - Cinemark Holdings Inc
QSII - Quality Systems, Inc.
CEP - Constellation Energ
FMD - FIRST MARBLEHEAD CP
TAMB - EPIC BANCORP
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all Folks. See you tomorrow !!!
Cheers!
AC
