Celsion Corp.(CLSN) provides a nice risk/reward long opportunity because the results of its Phase III trial in January will be announced. (panic buying to begin as share price continues to climb) This security is trading "Blue Sky" territory where stocks trade with very little resistance. At a close of $6.66 in recent trading (Friday) expect a breakout with a $6.88 print on over 100 shares in volume during regular market hours Monday.
New 52-Week high: $7.20 to $7.40 on the day
Volume Increase: 2.7 million shares or more changing hands to include after hours trading Monday. (After hours trading is also increasing)
From a technical perspective, CLSN will have a breakaway gap, gaping up sharply Monday on increasing volume. The recent "Blue Sky" has triggered a breakout watch for Monday. CLSN took out the limited near-term overhead resistance on a "Holiday Friday" giving investors a glimpse of what to expect Monday.
Poised for a breakout? YES
Investors and traders should now look for long-biased trades. If CLSN is trending above $6.88 and if it can manage to close near its daily highs watch out Tuesday might be the first over $3 million volume day. Consider volume near or above 2.5 million as bullish action on the day Monday.
Look for CLSN to tag $8.40 in the near future. (This week) Stay tuned.
Sentiment: Strong Buy
Nice call brother... technical call is now for a move over $7.20 and when that breaks a volume surge in buying should take place. If this closes near the HOD CLSN longs will see a monster move up Tuesday making $7.50 the new floor
I'll get up real early, drink the left over coffee as new coffe is brewing
Go to work, meetings, interviews, production, inventory
drink coffee through out the day
there's more, is this sufficient?