Posted On: 03/09/2014 8:45:29 PM
Post# of 2561
CPRX Daily Chart ~ Still Trading in a Horizontal Channel
For those swing trading CPRX, congrats on yet another successful entry and exit from early February. I didn't play that swing from the 1.70s to 2.39 with you this time. As for now, if you didn't sell at the upper channel line and still in CPRX, the stock is trying to holding the MA10, 20 and 50. If it holds, you'll probably see a move above that resistance line. If the stock falls below the 50, with volume, we'll probably see the stock trend under 2.00 again. I'll continue watching for an entry once I get a clear indication of the next direction. GLTA
For those swing trading CPRX, congrats on yet another successful entry and exit from early February. I didn't play that swing from the 1.70s to 2.39 with you this time. As for now, if you didn't sell at the upper channel line and still in CPRX, the stock is trying to holding the MA10, 20 and 50. If it holds, you'll probably see a move above that resistance line. If the stock falls below the 50, with volume, we'll probably see the stock trend under 2.00 again. I'll continue watching for an entry once I get a clear indication of the next direction. GLTA
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