A trader's look at Neuralstem

|By:, SA News Editor

Shares of Neuralstem (CUR +9.7%) rebound off the key technical support level of the 200-day MA albeit on less-than-average volume. The $3 price point also represents a support level that was established in late January/early February.

The relative strength line has turned up and the RS rating remains robust at 96 (99=best possible).

Swing traders should consider keeping their powder dry until a high volume confirmation move takes place or it ends the week above the 10-wk EMA on higher volume. Otherwise, there is a risk the 10-wk EMA is a resistance level and prices retreat.

The long-term uptrend that began in April 2013 remains intact.