Wed, November 27, 2024
Tue, November 26, 2024
[ Tue, Nov 26th 2024 ]: Brian Stokes
Caroline Cummings
Mon, November 25, 2024
Sun, November 24, 2024
Thu, November 14, 2024
Tue, November 12, 2024
Wed, October 23, 2024
Thu, April 23, 2009
Mon, February 2, 2009
[ Mon, Feb 02nd 2009 ]: Nathan Burkes
Is Obama a rock star?
Fri, January 30, 2009

Schaeffer's Option Activity Alert: Bulls Bet on a Breakout for Dendreon Corporation

  Copy link into your clipboard //health-fitness.news-articles.net/content/2009/ .. -bet-on-a-breakout-for-dendreon-corporation.html
  Print publication without navigation Published in Health and Fitness on , Last Modified on 2009-01-14 12:17:00 by Market Wire
          🞛 This publication is a summary or evaluation of another publication


CINCINNATI--([ BUSINESS WIRE ])--Biotechnology stock Dendreon Corporation (NASDAQ: DNDN) has spent most of the past 12 months trading in a sideways channel between the 4 and 7 levels, but the equity's overall direction has been lower. The shares are down 31.5% during the past 52 weeks, and they have created a noticeable trend of lower highs during this time frame.

Meanwhile, the equity's few rally attempts have been rebuffed by its 20-week and 75-week moving averages. The former of these trendlines is dropping through the 5 region, which suggests the proverbial ceiling may be caving in on DNDN during the short term.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/option+activity+alert+bulls+bet+on+a+breakout+for+dendreon+corporation/observations.aspx?click=home&ID=90512 ]



Similar Politics and Government Publications