San Diego, CA 10/15/2009 8:58:59 PM
Technical Outlook for CYCC, NEOM, MNKD, and GNVC Posted
NeoMedia Technologies, GenVec, MannKind, and Cyclacel Pharmaceuticals are examined in detail.
GenVec Inc. (GNVC), MannKind Corp. (MNKD), Cyclacel Pharmaceuticals, Inc. (CYCC), and NeoMedia Technologies Inc. (NEOM.OB) have been reviewed from a chartist's perspective at SmallCapNetwork.com. The trading outlooks are intended to provide technical guidance for current or prospective owners of these stocks.
GenVec Inc. (GNVC) had been mentioned by the site's trading analyst previously, as the chart had formed a triangle shape that was likely to lead a strong breakout or breakdown move as the shape came to a tip. The breakout move finally materialized on Tuesday.
MannKind Corp. (MNKD) failed to find support at the key $6.04 level; yesterday's low of $5.60 may be a catalyst for a bigger downside move now that the floor's been broken. The stock could now tumble as low as $2.00.
Bulletin board stock NeoMedia Technologies Inc. (NEOM) has been trending higher for days now, on higher volume. As such, prior bearish resistance lines have been snapped by a well-paced and sustainable rally.
Cyclacel Pharmaceuticals, Inc. (CYCC) garnered much attention on Wednesday, though the analyst points out that the big move higher was nothing unusual for the chart, nor anything not observed before. Each prior instance failed to get traction. The stocks' horizontal boundaries are defined in the write-up.
Investors can review the entire discussion and see the charts of NeoMedia Technologies, GenVec, MannKind, and Cyclacel Pharmaceuticals by visiting: http://www.smallcapnetwork.com/s/.
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