CVM - As If Right On Cue

CVM I alerted on October 13th and stated that it had support. Last night I even noted the potential for a short term run, as the stock was up a few ticks.

A few weeks ago In this post I noted a move to $.40 or better was likely. Sure enough today CVM hit $.40 a share. Congratulations to those of you who have profited off this stock.

CVM - Started Its Climb Today

After being range bound for much of October, CVM looks poised to bounce to higher prices. The stock has been beaten down this year and almost 6 months ago traded for over $.70 a share. Today the stock clawed its way back over $.30 and closed near its session highs of $.33 on higher than normal volume.

The chart shows a stock that could be making a substantial move in the short term. Keep it on your watchlist.

CVM - FInally Ready For That Bounce

MACD is starting to curl, we could see a quick pop from these levels. The stock has held the current $.27-$.29 range with $.27 being strong support. The next level of resistance is the $.40 level, or close to 50% higher than today's close.