And CTIC takes flight!

Here’s a quick update for those who were following me on this trade setup.

The original post and chart for reference shows our buy-trigger points.  Again we were looking to buy on earnings dip.  Turns out I gave you 10-15% gain to play with on this strategy in about 5 trading days.

Here’s the original chart:

And here’s an updated analysis of the trade.

Notice:

• CTIC bounces right off support line drawn out using daily
• This spike came with a return of volume
• Buying the earnings decline was the correct move, again we are more concerned with the drugs in their pipeline which is scheduled to make some headlines in a few days.