San Diego, CA 10/16/2009 11:36:31 PM
GenVec (GNVC), Alnylam Pharmaceuticals (ALNY) Recently Recommended at Small Cap Network
Alnylam Pharmaceuticals, Inc. and GenVec Inc. are the newest short and long picks - respectively - from the stock trading community site.
GenVec Inc. (GNVC) and Alnylam Pharmaceuticals, Inc. (ALNY) are the Small Cap Network's newest trade recommendations. The site's picks are designed to take advantage of potential short term swings, but any of these recommendations can turn into long-term holdings if progress is sustained.
Alnylam Pharmaceuticals fell under a key support level on Friday, triggering the bearish (short) trade entry. The site's analysts had been watching the stock since early this week though, aware that ALNY was at a critical juncture as long as it was finding a floor around the $21 level.
GenVec was issued as a buy recommendation after this week's move above a long-term resistance line. GNVC fell back quite a bit from the explosive move higher, but Thursday's reversal form the low and today's support at what was previously a resistance level suggests the buyers still have the overall momentum.
Investors can review the entire rationale for the Alnylam Pharmaceuticals and GenVec trades, along with charts of each, by visiting: http://www.smallcapnetwork.com/s/.
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.
SmallCapNetwork.com is not a registered investment advisers or broker/dealer. SmallCapNetwork.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for many of their securities, investing in such securities is highly speculative and carries a high degree of risk.
Contact Information:
Small Cap Network
4653 Carmel Mtn. Rd
Suite 308 #402
San Diego, CA 92130
Email: editor@smallcapnetwork.com
Source: Small Cap Network
