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[Costa]

A move on Zalicus Inc (NASDAQ:ZLCS) above $1.37 could spark a nice short-squeeze. The stock had a nice surge on Friday and has been in the process of consolidating. ZLCS is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $1.37. If this level is crossed and the stock is able to sustain above this level, then it might go to $1.54. On the downside, the stock has support at $1.20. There should be room for another leg upward once the stock digests this small correction.