Mijenko,
Sorry for a late answer.<g>
I had a busy afternoon and too many telephone calls in spite that one of the lines I usually don't answer unless they live a message. <g>
Regarding RCPT, it seems to me that it has not broken the latest up-trend
that started on Feb11 from the 110.27 level, in spite of the dips on Mar3 and March 24-Mar26.
On Mar3 the stock held at the EMA20 on the daily chart, and on Mar26, the L for the day held at the EMA50.
On the last dip after the Apr1 spike, which was made on a volume of 3,238,189 the stock broke the support of its EMA20 on Apr7 & Apr8 but was able to stay comfortably above its EMA50 and the EMA10 remained above the EMA20
Since APR13, the stock has been able to stay above its EMA10 and the only negative sign is the Parabolic Sar, which switched to the upside on Apr7 and although gradually coming down, is still at 190.53
At present I see nearest resistance at the 174 to 176 level and nearest support at the 164 to 160 level.
On the weekly chart the important support seems to be at the 150 level and resistance at the Apr1 H of 203.25
I usually pay more attention to the RSI, the Full Stochastics and the MACD Histogram, in that order.<g>
bigcharts.marketwatch.com
Congratulations on your REGN gains.<g>
So far this year, I can't complain. <g>
A good part of my gains come from the OPK move that started on Dec17 from the 8.66 level.
Although I no longer carry as heavy a position on it as I did in 2013 and have recently taken some profits. And most of the time I spend on the computer playing with the market, I do intraday trading. <g>
RAGL,
Bernard |
