Cyclacel Pharmaceuticals CYCC Stock Analysis

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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Cyclacel Pharmaceuticals CYCC Stock Analysis

The following is technical analysis on Cyclacel Pharmaceuticals, Inc. (CYCC) for December 11, 2009.

Cyclacel Pharmaceuticals, Inc. Support & Resistance Levels - 12/11/09

Resistance Levels: $1.66, $2.00

Support Levels: $1.40, $1.20, $1.10, $1.00

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Cyclacel Pharmaceuticals, Inc. (CYCC) was on fire like SNSS Friday. CYCC stopped right at the June high of $1.66. If CYCC breaks up through $1.66, I will be a buyer for a trade. I would then put my stop loss order at around $1.59.

Long term support is located at the 200 day moving average all the way down at $0.82. If you like this company, look to reload on a retest of the 200 day moving average. For a trade, look to buy at the 10 day moving average which should be above $1.00 next week.

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