A review of regular hours trading Monday tells investors this: from the $6.66 open today (Tuesday) CLSN had a breakout to a HOD of $7.86 or a gain of $1.20 on the day. Not to shabby ;-)
What this means for Tuesday's potential: If CLSN gained $1.20 Tuesday from the $7.80 close of Monday that places CLSN squarely at $9 a share at a HOD Tuesday.
A dose of FACT now: CLSN's technicals are actually more bullish heading into tomorrow (Tuesday) because of the strong close. Volume is on the rise and during the month of December CLSN will likely pull a few 10 million share volume days.
Make no mistake here Tuesday will be a higher volume day than today (Monday) The open will trade rapidly to about $8.20 minimum with some consolidation selling after that before a major run up towards $9 to $9.50 once over $9 though do expect some profit taking however it will act only as consolidation as new buyers enter looking for $12 before January 2013.
This will churn some at about $8.50 to $9.50 for a while and let some of the weaker players out. Obviously after CLSN crosses $9 tomorrow (Tuesday) buy anything under that after lightening your position over $9 a share. Hold onto a core position to be sure you don't miss the run if the consolidation does not churn back towards $8.50
Breakout Tuesday YES
Expect price upgrades as the low target fell today, not sure when however they will be forthcoming.
Due some due diligence here folks