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Message: Small Cap Centre on gnbt
The Clues Are There if You Choose to See 'Em - GNBT, CRUS, & ARNA in Focus
Small caps Arena Pharmaceuticals, Cirrus Logic, and Generex Biotechnology are poked and prodded.
Published: August 19, 2010 8:59:34 AM PDT
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I posted some bullish comments on Generex Biotechnology Corporation (NASDAQ:GNBT) back on July 28th. Though this small cap is only about 4 cents higher than it was then (from $0.37 to $0.41... about 10%), we've seen some pretty meaningful progress from the bulls - enough to point out, anyway.
What is it? Well, GNBT has made another higher high and higher low since then, and we've also seen this stock make its way above the 100-day moving average line. Slowly but surely, the bullish effort is materializing.
Yeah, I know Generex Biotechnology is in the red today. Doesn't matter. This is a bigger picture uptrend, and I don't see any technical headwinds until the $0.60 area.
I posted some bullish comments on Generex Biotechnology Corporation (NASDAQ:GNBT) back on July 28th. Though this small cap is only about 4 cents higher than it was then (from $0.37 to $0.41... about 10%), we've seen some pretty meaningful progress from the bulls - enough to point out, anyway.
What is it? Well, GNBT has made another higher high and higher low since then, and we've also seen this stock make its way above the 100-day moving average line. Slowly but surely, the bullish effort is materializing.
Yeah, I know Generex Biotechnology is in the red today. Doesn't matter. This is a bigger picture uptrend, and I don't see any technical headwinds until the $0.60 area.
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