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|Includes: Innovation Pharmaceuticals Inc. (IPIX)


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.

CTIX Daily Trend Model

2012-10-31 CTIX 6MonthDaily

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

Disclosure: I am long CTIX.OB.