Posted On: 06/24/2014 6:40:43 AM
Post# of 2561
$CPRX Daily Chart ~ Strong Move from a Low of $1.70 is Still in Play
For those still invested in CPRX since the last entry near the support line of $1.70, the stock has been very strong. Some are now up over 50% with that latest entry in a stock that has treated our swing trades well. The gap at $2.60, which we spoke about back in Dec, has finally been filed. What needs to be seen now is a strong close over the upper gap channel line. Should that occur, a move to the $3.25/3.50 levels could be seen. This current trade has seen two corrections which lasted two days each. Going to hang on this one just a bit longer to see what develops. The MACDs are looking good although the FullSto has been in an overbought level for over three weeks now. Trade smart. GLTA
For those still invested in CPRX since the last entry near the support line of $1.70, the stock has been very strong. Some are now up over 50% with that latest entry in a stock that has treated our swing trades well. The gap at $2.60, which we spoke about back in Dec, has finally been filed. What needs to be seen now is a strong close over the upper gap channel line. Should that occur, a move to the $3.25/3.50 levels could be seen. This current trade has seen two corrections which lasted two days each. Going to hang on this one just a bit longer to see what develops. The MACDs are looking good although the FullSto has been in an overbought level for over three weeks now. Trade smart. GLTA
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