Stock Chart Analysis CYNO

Posted by downtowntrader | 5/21/2007 09:17:00 PM | 0 comments »

Stock Chart Analysis CYNO

Cynosure, Inc. (Public, NASDAQ:CYNO)

CYNO has been in a steady uptrend and is only a couple of points from a new all time high. It has been pulling back to near the 50 day moving average along the way and appears to bouncing from it again. It has been consolidating for a few weeks now and has converging support here that should hold. Volume was above average today and if tomorrow follows suit it may attempt a breakout.

Good Trading,


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