Posted On: 03/23/2014 2:03:17 PM
Post# of 2561
CPRX Daily Chart ~ A Break and Close Above the Horizontal Resistance
Since my CPRX update of Mar 16 with the stock at 2.17, CPRX has risen to a high of 2.495 and closed at 2.37 on a weak biotech Friday. The stock lost just .02 on Friday but was up over 9% for the week. Holding above the horizontal support line is a must now. If it drops below on volume, the stock will probably see a pullback to the rising support line. The technicals are looking good with the MACDs all crossing to the positive on Thursday. There's a gap to close at approx 2.60 which would represent gains of over 30% for those that entered in the high 1.90s a couple of weeks ago. Trading big boards can be very profitable when compounding 10-100% gains every month or two. Use the charts and technicals to your advantage. GLTA
Since my CPRX update of Mar 16 with the stock at 2.17, CPRX has risen to a high of 2.495 and closed at 2.37 on a weak biotech Friday. The stock lost just .02 on Friday but was up over 9% for the week. Holding above the horizontal support line is a must now. If it drops below on volume, the stock will probably see a pullback to the rising support line. The technicals are looking good with the MACDs all crossing to the positive on Thursday. There's a gap to close at approx 2.60 which would represent gains of over 30% for those that entered in the high 1.90s a couple of weeks ago. Trading big boards can be very profitable when compounding 10-100% gains every month or two. Use the charts and technicals to your advantage. GLTA
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