Technical Summary: Welcome to our first ever chart of LYC and what an exciting chart it is. In the last 5 years the stock has traded as high as $3 per share and at times less than $0.50. In the last year however the stock has largely gone sideways in a trading range. There appears to be support for the stock at around $1.70 and looks as if there will be some resistance at $2.50 per share. At the moment after a good short term run the stock is trading closer to the resistance than the support. The stock has recently burst above its 50 day moving average and sits overextended at the current juncture. We would like to see some consolidation here before providing a hopeful entry point.
