Uluru ( AMEX:ULU ) a pharmaceutical company, engages in the research,
development, and commercialization of wound care and muco-adhesive film products
in the United States and internationally. ULU is up 117% in 3 days and showing
very few signs of slowing. The Relative Strength reading of 70.08 is quite top
heavy but so long as volume continues to grow it can hold these levels. Support
can clearly be seen at $.29 or the 50 Moving Average with resistance at $.43 and
$.50 ahead. Seven Arts Pictures ( NASDAQ:SAPX ) operates as an independent
motion picture production and distribution company. It engages in the
development, acquisition, financing, production, and licensing of theatrical
motion pictures for exhibition in theatrical markets worldwide. Nice move on
SAPX today and weve traded this one successfully before . It usually runs in 3
day patterns so theres a good chance this one moves up into Friday. ( See my
last SAPX trade ) So into the close Id like to see it above $.35 for me to
consider a swing with an upside goal of $.42 $.45 first goal and $.60 second
goal. Tennessee Commerce Bancorp ( NASDAQ:TNCC ) operates as the bank holding
company for Tennessee Commerce Bank that offers various retail and commercial
banking services to small to medium-sized businesses, entrepreneurs, and
professionals in the Nashville metropolitan statistical area, Tennessee. Hard to
argue this chart, had I been scanning under $.50 Tuesday this would have been a
solid alert. Either way Im thinking its not done although the Relative Strength
is high at 77.36.
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