Long
CELSION CORP SHOWING SIGNS of a LONG AWAITED BOTTOM
Clearly small-cap drug development companies like Celsion are "news driven" when it comes to movement of the price per share. I am not aware of any specific fundamental catalysts in the near term (although there are many possibilities in terms of updates to their ongoing trials / partnerships / or other) The chart is showing some positive signs of an upturn in the making. This chart displays (1) the recent solid moves through moving averages (the 20 & the 50 day) (2) the break through of a relatively long term resistance trend-line and (3) the short interest covering pattern that has occurred over the last ~12 months.
I have plotted the short interest (as reported by the NASDAQ) at a few points through the last year or so. The fact that total shares held short has decreased by about 80% over the last year suggest to me that the "market" is expecting ~something~ to occur in the near future.
Near-term (3 months) price target is at Nov 2014 highs and the 200 day simple moving average at $2.80's.
Hope you enjoy...
I have plotted the short interest (as reported by the NASDAQ) at a few points through the last year or so. The fact that total shares held short has decreased by about 80% over the last year suggest to me that the "market" is expecting ~something~ to occur in the near future.
Near-term (3 months) price target is at Nov 2014 highs and the 200 day simple moving average at $2.80's.
Hope you enjoy...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.