Posted On: 12/26/2013 7:43:32 PM
Post# of 2561
CPRX Daily Chart ~ Finally a Close Above the 2.10 Horizontal Resistance
After establishing a double top near 2.10 back in mid October, that point acted as resistance three more times...... until today! Tomorrow will prove interesting, and we'll see if the stock can hold the 2.10 line which will now become support if it does. The MACDs began to diverge today. Although a bit early, this should now begin to close the gap on the chart. Of interest was the sharp increase in volume when the 2.10 level was taken out. The stock also closed over the MA100 today. Our adds last week, when the stock fell intraday to 1.73 was a nice move. Congrats to all invested in CPRX. In hoping for no less than 2.60 over the next few weeks. Not bad for buys in the 1.60s to 1.80s. GLTA
After establishing a double top near 2.10 back in mid October, that point acted as resistance three more times...... until today! Tomorrow will prove interesting, and we'll see if the stock can hold the 2.10 line which will now become support if it does. The MACDs began to diverge today. Although a bit early, this should now begin to close the gap on the chart. Of interest was the sharp increase in volume when the 2.10 level was taken out. The stock also closed over the MA100 today. Our adds last week, when the stock fell intraday to 1.73 was a nice move. Congrats to all invested in CPRX. In hoping for no less than 2.60 over the next few weeks. Not bad for buys in the 1.60s to 1.80s. GLTA
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