Rigel Pharmaceuticals, Inc. (RIGL) Message Board

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Biotech / Medical : Rigel Pharmaceuticals, Inc. (RIGL)

RIGL 31.55

-0.3%

3:59 PM EDT

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To: mopgcw who wrote (553)	3/31/2015 4:18:03 PM
From: Jibacoa	of 566

RIGL is among my best performing stocks today.<g> It is in 3rd place % wise, after COPD and CRMD, which are having double digit gains. <g> RIGL has almost completely closed the UG of Feb23, the day it announced the BMY deal. But the H of that day at the 3.91 level is the first resistance it will have to go through before it could reach Jefferies target.<g> Other resistance points or possible obstacles it will have to conquer before reaching the $10 "target" are: The Jun2014 H at 4.20; the March 2014 double top at the $5 level; the April 2013 at the 7.21 level and then there is a large resistance from the $8 to the $9.90 <g> The last time it traded above 10 was in Oct2012 when the H was 10.34 In Feb,Jul and Sep 2012 it also traded above 10, and the H in Dec 2007 was 31, The all time H that I rember was in 2002, in the high 40s. <g> Although I like Jefferies target of $10, for this Yr, I would just be satisfied with March 2014 H at the $5 level.<g> Bernard

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