CPRX Daily Chart ~ Closer to the Breakout Anothe
Post# of 2561
Posted On: 01/04/2014 11:38:18 PM
CPRX Daily Chart ~ Closer to the Breakout
Another week passes with the stock higher again, but I'm still waiting for the break above the 2.29 resistance. As with a few of the stocks we are holding now, when that occurs, a closing of the gap should occur. We are holding our 1.80s during this last trade will a couple of friends locked is some profits last week at the 2.20 level. They tend to lock in 10-15% at every opportunity, while I tend to hold for the longer swing trades, typically 1-4 weeks. On the CPRX chart currently, I like the positioning of the FullSto (bouncing again off the 50 line) and the MACDs which are attempting to show some divergence to the upside. The gradual ride along the rising support line while closing in on the resistance point, leads me to believe we'll soon see a breakout as was the case with many previous stocks with similar chart patterns. A break over the 2.29 would put into play a move up to close the gap into the 2.80. CPRX could easily see a run into the 3.00s with any catalyst of news. GLTA
Another week passes with the stock higher again, but I'm still waiting for the break above the 2.29 resistance. As with a few of the stocks we are holding now, when that occurs, a closing of the gap should occur. We are holding our 1.80s during this last trade will a couple of friends locked is some profits last week at the 2.20 level. They tend to lock in 10-15% at every opportunity, while I tend to hold for the longer swing trades, typically 1-4 weeks. On the CPRX chart currently, I like the positioning of the FullSto (bouncing again off the 50 line) and the MACDs which are attempting to show some divergence to the upside. The gradual ride along the rising support line while closing in on the resistance point, leads me to believe we'll soon see a breakout as was the case with many previous stocks with similar chart patterns. A break over the 2.29 would put into play a move up to close the gap into the 2.80. CPRX could easily see a run into the 3.00s with any catalyst of news. GLTA
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