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Zalicus Inc. Message Board

  • genetz2003 genetz2003 Feb 1, 2013 6:17 PM Flag

    We Finally Got A Plug From Cramer - Kiss of Death?

    Jimmie Cramer and his Hag Stephanie Link from Fast Moola posted a good article about ZLCS on their web site"The Street" today. All you folks that follow JC know that some times his endorsement can be a kiss of death, but, he also makes some good calls and a ton of people follow his advice, so maybe, Monday we soar, but......

    Here is a relevant part of the article:

    "If you take a look at the chart for Zalicus, you’ll notice that this stock has been trending sideways for the last two months and change, with shares moving between 57 cents on the downside and 83 cents on the upside. Shares of ZLCS have just started to bounce off its 50-day moving average of 67 cents and its quickly moving within range of triggering a near-term breakout trade above the upper-end of its recent chart pattern.

    Market players should now look for long-biased trades in ZLCS if it manages to break out above some near-term overhead resistance levels at 80 to 83 cents per share and then once it takes out some past overhead resistance levels at 91 cents to $1.10 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1,141,380 shares. If that breakout triggers soon, then ZLCS will set up to re-fill some of its previous gap down zone above $1.10 a share. That gap started at around $1.40 a share, so any move above 91 cents to $1.10 will put that gap into play for shares of ZLCS.

    Traders can look to buy ZLCS off any weakness to anticipate that breakout and then simply use a stop that sits just below its 50-day moving average of 67 cents per share. One could also buy ZLCS off strength once it takes out those breakout levels with volume and then simply use a stop that sits just below 80 cents per share. I would add to either position once ZLCS clears 91 cents to $1.10 a share with volume."

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