Corcept Therapeutices Eyes Another Double

Corcept Therapeutics  (CORT) has more than doubled in the past 12 months but a look at the indicators and a Point and Figure chart suggest that CORT could double yet again from current levels. You should find the latest charts and indicators pretty convincing.

In this daily chart of CORT, below, we see CORT is above the rising 50-day moving average line and the rising 200-day moving average line. The On-Balance-Volume (OBV) line has been rising the past 12 months and tells us that buyers of CORT have been more aggressive. Notice the heavier volume of turnover since November. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line for much of the past year and is currently poised to cross to a take profits sell signal....127 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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