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XOMA Corp (NASDAQ:XOMA)


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#1 Costa

Costa

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Posted 02 November 2015 - 01:54 AM

I used the pullback in the stock price to add more to my portfolio using the rising 20-day exp moving average as stop-loss. Seems like it is forming a cup and handle bottom pattern on daily, which is a bullish formation. Plus, momentum indicators are bullish with the RSI inching away above the middle level and with the MACD rising in positive territory. Any close above $1.43 could lead to a substantial gain in shares. Last week, Wedbush’s Liana Moussatos reaffirmed the price target of $6 with a Outperform rating for the stock. Keep it on watch.

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