CPRX Daily Chart ~ Looking for a Move to 2.60-3.00
Post# of 2559
Posted On: 12/08/2013 3:47:15 PM
CPRX Daily Chart ~ Looking for a Move to 2.60-3.00
Last week, with a gain of 12.2%, saw CPRX move from the 1.70s to as high as 2.09 as the stock continues to recover from the selloff which began in early October. One can see the triple top in place on the daily chart. That resistance line is resting at 2.08. Thursday's trading got to 2.09 intraday but the stock couldn't close above the declining tops line. As I've mentioned in previous comments on CPRX, I'm looking for a breakout to the upside and a possible closing of the gap just above 2.60. Should that occur, CPRX could see a move above 3.00 again. Follow the indicators and stay disciplined. GLTA
Last week, with a gain of 12.2%, saw CPRX move from the 1.70s to as high as 2.09 as the stock continues to recover from the selloff which began in early October. One can see the triple top in place on the daily chart. That resistance line is resting at 2.08. Thursday's trading got to 2.09 intraday but the stock couldn't close above the declining tops line. As I've mentioned in previous comments on CPRX, I'm looking for a breakout to the upside and a possible closing of the gap just above 2.60. Should that occur, CPRX could see a move above 3.00 again. Follow the indicators and stay disciplined. GLTA
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