Curis Inc (CRIS)

[ryall12]

two replies:
it dropped due to a status update on a drug:
http://www.thestreet.com/_yahoo/story/10784855/1/curis-drug-fails-mid-stage-colon-cancer-study-biobuzz.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

but it wasnt as bad as this report makes it sound, news people... i didnt listen to the recent conference webcast so many someone else can shed more info. ive been charting much more than researching recently but ive held this one the longest of anything in my portfolio due to initial research and the latest news in june has not changes my mind.


speaking of the chart, yes its showing breakout. friday was a bad day, not a killer though. we still had a hammer even if its a down one. good eod strength. must of been the top bb.
closing over 1.35 was huge. resistance break, should turn support. hourly is ready to rise, daily still good, weekly even better. next break is a daily at 1.40, then big one is regaining monthly support at 1.46 or so. so if this cracks 1.50 look out 1.65 then 1.90. breaking 2 is the main goal, free to really move after that.

the weekly is a super strong chart atm. its ready to rise big time. a catalyst would be nice but its ok. we enter a new time zone around the 8th. watch for a sign around then. say on or shortly after the week of the 11th.
october should be the start of a better month for cris. some good news and a break of 3 is not out of the question by end of year. either way this should be fighting 2 not 1.30