San Diego, CA 9/17/2009 3:51:45 AM
Technical Outlook Posted for SIRIUS (SIRI), GENova (GVBP)
Charts of SIRIUS XM Radio and GENova Biotherapeutics are examined for trade-worthiness.
GENova Biotherapeutics Inc. (GVBP) and SIRIUS XM Radio Inc. (SIRI) have been reviewed on a technical basis by the Small Cap Network (smallcapnetwork.com). The two stock have both been of great interest lately, though the site expects them to move in opposite direction going forward.
Investors can review the complete discussion of SIRIUS XM Radio and GENova Biotherapeutics, along with similar commentary and market trend outlooks, by visiting: http://community.smallcapnetwork.com/Technical-Review-GVBP-CTIC-SIRI-PAL/s/article/view/p/mid/2/id/96/.
SIRIUS shares have been guided by a trend line that extends back to July; shares are expected to remain on that path until further notice. GENova Biotherapeutics shares have been white hot over the prior seven trading days, but made a major bearish reversal bar today (on high volume) that could be an omen of what's to come.
About GENova Biotherapeutics Inc.
GENova is positioning itself as the world's leading bioscience company in the development and commercial licensing of novel therapeutic proteins that disrupt the advance of life-threatening cancers. The company leverages cutting-edge research collaborations to achieve breakthroughs in anti-cancer treatments, and then licenses these drug product candidates to Big Pharmaceutical and Biotechnology companies such as Pfizer, Amgen, Myriad Genetics, Medarex, and Biogen Idec.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
About SmallCapNetwork
The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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