ABIO poised for Breakout to the upside
Started by
Costa
, Jan 07 2014 01:41 AM
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#1
Costa
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- Traders-Talk User
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Posted 07 January 2014 - 01:41 AM
Arca Biopharma Inc (NASDAQ:ABIO) could be in the early stages of a technical breakout. If the stock price can break through 1.77 (200EMA), expect to see heavy volume drive the stock higher. Momentum indicators are bullish. The MACD is positive and above its rising signal line. Both the RSI and slow stochastic are above their 50% levels. Technically, my model remains long, targeting $2.
Costa
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