Chart courtesy of stockcharts

Novel shares closed up on Friday more than 1% to $7.36 with more than 3 million shares traded. The technical chart are printing a clear Bullis pattern, and stock maybe ready to breakout an important resistance at $7.50 very soon. As seen by the chart above, the stock has been consistently trending higher with nice steps and in a clear uptrend channel, with its average lines going up too. Keep an eye on stock Monday for a possible breakout over $7.50. I'll be Bullish in this Novel if breakout this area next week.

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