The Traderszone Network

Published in TZ Latest News 16 September, 2016 by The TZ Newswire Staff

Knight Therapeutics (GUD.TO) Breaks Out While The Market Pulls Back

Knight Therapeutics (GUD.TO) has been basing nicely over the last few years. Two weeks ago it broke out from the base. Last week it printed a very weak candle so the breakout was looking a little suspect. However, this week, it has continued to climb.

The Relative Strength compared to the $SPX is breaking out to new 52-week highs. With the SCTR breaking back above 75 as the stock breaks above former resistance, this looks pretty attractive. This means that the stock price is moving faster than 86% of the stocks in Canada right now.

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