LJPC Daily Chart ~ A Nice Bounce of the Rising Sup
Post# of 2561
Posted On: 03/09/2014 10:10:40 PM
LJPC Daily Chart ~ A Nice Bounce of the Rising Support Line
As mentioned last week, I sold some LJPC (Nasdaq) at 9.51 when the stock moved outside the upper bollie. I repurchased at 9.09 after missing some high 8.00s. There is a lot of chatter about LJPC now among a few pharma circles. At least two brokerage houses are targeting $27 and $32. So even though the stock is outside the upper bollie, I'll continue swinging it when it offers a spike to sell into, and I'll repurchase the subsequent pullbacks. LJPC is a good stock to swing a portion of one's position but stay cautious on the moves outside the bollie. You can see the moves and pullbacks that occurred numerous times over the last few months. The close of 9.76 on Friday was the highest close for LJPC since October. This one wants to go higher. GLTA
As mentioned last week, I sold some LJPC (Nasdaq) at 9.51 when the stock moved outside the upper bollie. I repurchased at 9.09 after missing some high 8.00s. There is a lot of chatter about LJPC now among a few pharma circles. At least two brokerage houses are targeting $27 and $32. So even though the stock is outside the upper bollie, I'll continue swinging it when it offers a spike to sell into, and I'll repurchase the subsequent pullbacks. LJPC is a good stock to swing a portion of one's position but stay cautious on the moves outside the bollie. You can see the moves and pullbacks that occurred numerous times over the last few months. The close of 9.76 on Friday was the highest close for LJPC since October. This one wants to go higher. GLTA
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