Wednesday, December 9, 2015

Clovis Oncology Inc (NASDAQ:CLVS)

Clovis Oncology Inc (NASDAQ:CLVS) A possible cup & handle bottom pattern may be forming on the daily charts. The technical chart shows bullish sign with MACD fast line line on top of MACD slow line and RSI rising. The neckline is located at the $35.76 level so a break above this resistance area could be enough to confirm a new uptrend. There could be good upside in CLVS so watch the stock closely.

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