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Friday, March 12, 2010

Intellipharmaceutics International Inc - IPCI Stock Analysis

The following is technical analysis on IntelliPharmaCeutics International Inc (IPCI) - March 12, 2010

IntelliPharmaCeutics Intl Inc - Support & Resistance Levels - 3/12/10

Resistance Levels: $5

Support Levels: $4.65, $3.80



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IntelliPharmaCeutics Intl Inc (IPCI) stock is exploding today on news of a patent settlement with Celegene and Norvartis. Intellipharmaceutics International Inc. stock has resistance located at $5.00, a break above this level would be bullish and I think you would see additional upside. The volume would surge as well. Ameritrade clients my use phone orders for this stock, they are not accepting online orders.
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