GENZ Moves to New Highs, Stock to Watch
Not too many quality charts to post up today, but I found a few and the first is from a company called Genzyme General (GENZ). The stock broke above $80 today and has claimed new all time highs.
You can see the distinct resistance on its chart below, with the first major point to be broken being about $77 and the more recent move being above $79.70.
GENZ Stock Chart, Click to View
With this kind of momentum building and GENZ stock moving without pressure from the bearish market I would say GENZ stock has the potential to see $90 after it reports earnings in mid February.
4:00 PM Note: GENZ closed today at $79.73.
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Posted by Blain Reinkensmeyer on January 16, 2008 at 3:17 pm --
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