BREAKOUT CONFIRMED breakout above 1.53, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 1.72, +12.4%
http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&zz=5215&symbol=CGEN

This stock is currently trading alomost at cash value of 1.24/share.
http://biz.yahoo.com/p/c/cgen.html

Institutional Ownership 10%
http://yahoo.marketguide.com/MGI/HoldersReport.asp?target=%2Fstocks%2Fcompanyinf ormation%2Finstit%5Fowner&Ticker=CGEN

Over 87 million in assests (32mil is short term cash & equivalent)
http://yahoo.marketguide.com/MGI/mg.asp?target=%2Fstocks%2Fcompanyinformation%2F balancesheet%2Fqbalancestd&Ticker=CGEN

As with all Biotech’s the indicators are not the greatest. The MACD is below .10 nonetheless it is creeping its way towards the zero line (a buy signal for a lot of investors) The Chaikin Money Flow Indicator shows that the stock is not under accumulation although it does indicate that distribution has slowed during the last 2-3 weeks. Perhaps an indication of being undersold?
http://stockcharts.com/def/servlet/SC.web?c=CGEN,uu[h,a]daclyyay[dc][pb50!b200][ vc60][iUc20!La12,26,9]&pref=G


All in all I believe with such a high cash value relative to share price CGEN is a steal of a deal in this range. And like someone on this board allready mentioned all it takes is just one event, discovery, announcement in this industry and the share price goes through the roof.

Good Luck
riskyy