Cleveland BioLabs, Inc. (NASDAQ:CBLI)
Q: BrianHas this stock (CBLI) peaked as far as explosive growth?
I tripped across it on world net daily article this morning on a radiation drug.
A:We issued an Uptrend for CBLI on 3/25 at about $2 and since then the stock has more than doubled in price. On Friday it touched the $5.50 high last reached in August 2008 and then ended up closing below $5. There is risk of a pullback to the $4.00 - $4.50 area where it was in a trading range for some number of weeks. MACD is showing some bullish convergence although our proprietary indicators are overbought. Also, here is a link to some recent news on the company: http://www.ynetnews.com/articles/0,7340,L-3748014,00.html