CSOC

CSOC Stock Slows Down

Shares of Caduceus Software Systems (CSOC) opened lower on Wednesday, and are currently down roughly 8%. This may come as a surprise to some long after CSOC traded higher on volume of more than 21 million shares on Monday.

CSOC also released news that they are intending to gear up and go after the enormous U.S. healthcare IT software licensing market. In a PR, CSOC also touched on the potential value of licensed workstations, and the numbers that were floated seemed very impressive.

But, can CSOC actually facilitate their game plan ? Can they cut costs for major companies ? Well that remains to be seen. At this point the company doesn’t exactly have the most impressive balance sheet, or a name brand, and the space is very competitive.

However, if you look at Caduceus Software Systems (OTC:CSOC) as purely a trading vehicle. There is potential for gains. At this point, on a technical basis, shares of CSOC are trading above both it’s 50 and 200 DMA’s, which are 10 and 8 cents respectively. The stock also has a 52 week high of .26875 and has been at 18 cents recently. So at this point traders need a clean break of Monday’s 14 cent high for a retest of these higher levels.

CSOC Expects Higher Volume

Keep in mind that CSOC is a undergoing a stock promotion, so you could see decent volume continue in the shares. Also, keep in eye on the news releases. As of right now CSOC has mostly made generic comments, that have not contained anything substantial, like a contract for instance.

For now just add CSOC to your penny stock list, and watch for further color on the name in our Stocks in Play entries.

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