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Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
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  • CTIX 0 comments
    Oct 31, 2012 7:19 PM | about stocks: CTIX


    POSTED: October 31, 2012

    PUBLISHED IN: Market Analysis


    I was going to mention CTIX in today's Market Close Report…….but I forgot. Better late than never.

    A subscriber sent in an interesting TA chart today and in tandem with the Daily Trend Model does suggest a buying opportunity at hand. Certainly if you have yet to buy CTIX, this looks like a lower risk entry (note, "lower" as opposed to "low"). It may also be a good time to add more if you already have a core position. These smaller cap buy & hold biotech's all two things in common: Huge opportunity along with huge risk.

    (click to enlarge)

    CTIX Daily Trend Model

    (click to enlarge)

    2012-10-31 CTIX 6MonthDaily

    TAGS: CTIX, Daily Trend Model, Market Close Report, TA

    Disclosure: I am long OTCQB:CTIX.

    Stocks: CTIX
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