Neptune Tech and Bioresources (NTB.v) poised for breakout?

Ive posted a chart of Neptune Bioresources (NTB.v). Ive been following this bio-tech for about 2 years, they are markers of clinical grade fish oil supplements. Hugh Clealand of Northern Rivers Funds has been a big fan of NTB for some time. A review of analysts opinions including Hugh's can be found at www.stockcharts.com NTB page here.

NTB broke out of a multi-month consolidation on recent news that it has partnered with a large European manufacturer of health care supplements to distribute their fish oil. There was a large short position on this stock quite recently, and I am looking to add to my existing position once a follow through on the recent upswing is confirmed by the 50 MA crossing above the 200 MA. You will notice on this chart that several breakouts led to breakdowns shortly thereafter. Both the RSI and OBV are signaling that a longer term trend change may be in the making.




Disclosure: I own shares in NTB as do members of my family. This is not investment advice, it is intended for informational use only, as I am not an accredited financial advisor, nor am I promoting this company for an outside party or in receipt of renumeration of any kind for posting information about Neptune Bioresources (NTB.v)

Do you own DD, and please consult your financial advisor before making any financial related decisions.