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Monday, 07/12/2010 4:52:50 PM

Monday, July 12, 2010 4:52:50 PM

Post# of 15766
Small cap biotech stock ADVENTRX Pharmaceuticals, Inc. (AMEX:ANX) is no stranger to us. This chart's been much-watched for months now.... mostly because of its implosion. The tide may well be turning though.

While it's yet to crawl above it, ANX shares have made a persistent attack on the 20-day line over the last month and a half. In fact, I'd say the stock's pushing it upward now, even though it's yet to break it. If ADVENTRX Pharmaceuticals can just crack the 50-day line at $2.03, I'd consider it a strong technical (short term) buy.

http://www.smallcapnetwork.com/Oh-So-Close-Outlooks-for-KG-ANX-and-GAME/s/article/view/p/mid/3/id/357/