Oncothyreon Inc (USA)(ONTY) Technical Bottom Breakout Alert

Bridgewater, MA -- (SBWIRE) -- 03/18/2013 -- Oncothyreon Inc (USA) (NASDAQ:ONTY) has come up today on the StockConsultant stock screener for bottom breakout stocks.

Oncothyreon Inc (USA) (NASDAQ:ONTY) founded in 1985 is a clinical-stage biopharmaceutical company specializing on the development of therapeutic products for the treatment of cancer. ONTY over the past three months has been building a base between the 1.8 and 2.3 price levels.The stock in the last two weeks has shown very strong accumulation and is now nearing a breakout watch above the 2.41 price level.

ONTY breakout details:

BREAKOUT WATCH for possible breakout above 2.41, no resistance in area just above.

Type: True breakout from double resistance.

Target: 2.9, 30% Stop: 2.08, Loss: 6.7%, Profit/Loss ratio: 4.5 : 1 - Excellent

Full ONTY report with stock charts and analysis

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