Posted On: 03/16/2014 6:42:09 PM
Post# of 2561
CPRX Daily Chart ~ MA50 Offers Support at the 2.00 Level
CPRX has been a good stock to swing trade as it trends down to the MA50 and sometimes to the lower channel line. This last week, in which a few friends re-entered in the high 1.90s to 2.04, saw the MA50 hold and a subsequent bounce to the 2.17 level. With the FullSto and MACDs setting up for a buy signal crossover, CPRX could finally break out over the upper channel line in place since October. When that occurs, my targets remain to at least the high 2.80s, to close that gap, and possibly into the low 3.00s. GLTA
CPRX has been a good stock to swing trade as it trends down to the MA50 and sometimes to the lower channel line. This last week, in which a few friends re-entered in the high 1.90s to 2.04, saw the MA50 hold and a subsequent bounce to the 2.17 level. With the FullSto and MACDs setting up for a buy signal crossover, CPRX could finally break out over the upper channel line in place since October. When that occurs, my targets remain to at least the high 2.80s, to close that gap, and possibly into the low 3.00s. GLTA
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