The following is technical analysis on Cyclacel Pharmaceuticals, Inc. (CYCC) for January 8, 2010.
Cyclacel Pharmaceuticals, Inc. Support & Resistance Levels - 1/8/10
Resistance Levels: $3.27, $3.41, $3.63, $3.91, $4.10
Support Levels: $2.60, $2.50, $2.22, $1.70
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Cyclacel Pharmaceuticals, Inc. (CYCC) continues the break out in pre market after releasing positive drug data Thursday. There is a lot of resistance in the mid to high $3's so I feel the big gains are made for now. If CYCC would break $4.10, it could spark another short covering rally. Support is located down at $2.50-$2.60 and I'd expect that area to hold on a closing basis for now.
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