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10:14 pm
June 20, 2012
OfflineCurrent Daily Chart:
Oncolytics is a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics. Oncolytics' clinical program includes a variety of human trials using REOLYSIN, its proprietary formulation of the human reovirus. For further information about Oncolytics, please visit: http://www.oncolyticsbiotech.com.
10:17 pm
June 20, 2012
OfflineBounces are a lot more hit or miss with me than breakouts are, but ONCY formed a bullish engulfing on Friday and has been downtrending for the majority of the past year, so there's certainly a chance that it's oversold and therefore more susceptible to a bounce. 2.00 is the next line of resistance, so that's the trigger I'll be looking for (for a potential buy signal).
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