( click to enlarge )ADCT had a very bullish move last week breaking several resistance lines with large volume. The stock has broken out of a 4 month downtrend. ADCT has made a transition from down trend to uptrend. The price is currently above the 5 day simple moving average, 10 day simple moving average and 20 day simple moving average respectively. The MACD chart is still showing an up trend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50 but it has not reached the overbought territory. The short-term trend is bullish and a move to the 6.9-7 range appears likely. ADCT has definitely changed the trend…
( click to enlarge )CTIC – The technical daily chart is showing a slightly bullish bias. MACD is creeping up but it is still below its signal line. RSI is increasing and has cut above the 50 level. The –DI is now above the +DI and ADX is increasing. The short term stochastic signal is also showing some positive sign. Let’s see whether the stock can gather enough momentum to break through 1.162. If the Bulls are able to push through this level, there will be another rally towards 1.22.
