Stock Chart Analysis CRDC

Posted by downtowntrader | 9/30/2007 09:25:00 PM | 0 comments »

Stock Chart Analysis CRDC

Cardica, Inc. (Public, NASDAQ:CRDC)

CRDC had a huge breakout in the beginning of September moving over 100% in one day. It has been consolidating that move while possibly forming a bull pennant chart pattern. It looks like it may be starting to gain some momentum again and could be headed to new highs. Bull Pennants are the best performing chart pattern according to Thomas Bulkowski who has studied chart patterns exhaustively.

Good Trading,


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