NKTR Daily Chart ~ Back to the MA50 Here's anoth
Post# of 2559
Posted On: 03/23/2014 3:35:41 PM
NKTR Daily Chart ~ Back to the MA50
Here's another biotech stock that is great for swing trading. I haven't been in the stock since it hit 14.12 back in late Jan. A few friends have been able to swing trade NKTR often for gains of 10-25% every few weeks. For the more conservative, non-penny funds, NKTR should be on one's watchlist while waiting for the indicators. Althought the FullSto and MACDs are very helpful with NKTR, due to their relative 'flatness', of interest is the numerous times that the MA50 has held as a support and bounce level. The stock took quite a hit on Friday along with most bio/pharma stocks. There is a nice rising support line in effect since mid December (hold up a straight edge along the rising bottoms) on which the stock is sitting on once again. I didn't draw it in as I wanted to show the MA50 and how some stocks trade very well off of it. GLTA
Here's another biotech stock that is great for swing trading. I haven't been in the stock since it hit 14.12 back in late Jan. A few friends have been able to swing trade NKTR often for gains of 10-25% every few weeks. For the more conservative, non-penny funds, NKTR should be on one's watchlist while waiting for the indicators. Althought the FullSto and MACDs are very helpful with NKTR, due to their relative 'flatness', of interest is the numerous times that the MA50 has held as a support and bounce level. The stock took quite a hit on Friday along with most bio/pharma stocks. There is a nice rising support line in effect since mid December (hold up a straight edge along the rising bottoms) on which the stock is sitting on once again. I didn't draw it in as I wanted to show the MA50 and how some stocks trade very well off of it. GLTA
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