Sci-Clone Pharmaceuticals is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SCLN broke out above the 200 Day Simple Moving Average, suggesting a short term bullish trend.
This has already started to take place, as the stock has moved higher by 13.9% in the past four weeks. Plus the company currently has a Zacks Rank (2 Rating: Buy) suggesting that now could definitely be the time for this breakout candidate!
July 15th, 2013 ------- High Volume alert! 451.6k shares, +79.9% compared to typical daily volume over the past 6 months.
Typical daily volume is 251k shares over the past 6 months.
BULLISH Probability - Intermediate trend bullish, Uptrend. Confirmation - Strong bullish 3 day chart pattern with Strong 3 day accumulation.
BREAKOUT WATCH: Possible breakout above 5.77, no resistance in area just above. Type: Continuation breakout from Single resistance. Next Target: $6.14
The heavyweights adding by huge percentages last 13F. With the recent volume it will be interesting to see if they have continued adding.
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