Senomyx, Inc. (SNMX)

[gfp927z]

Senomyx still in a nice ascending triangle formation (link below). The late July breakout lacked volume and failed, but now it's back over $4 and the ascending triangle continues to form.

Considering the recent Pepsi deal and growing cash level, the current market cap ~ $160 mil seems reasonable. To get the market cap above $200 mil may take another deal (sucrose enhancer, bitter blocker), and more visibility on what to expect from the emerging royalty stream in 2011 -

http://www.finviz.com/quote.ashx?t=snmx&ty=c&ta=1&p=d