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Monday, February 12, 2007 

ONXX + 96% , AMD near to recover I suppose

Chart courtesy of stockcharts

Shares of ONXX rose nearly than 100% to 24.15$ after the pharmaceutical company released data from a clinical trial that shows an experimental drug is effective in fighting liver cancer.

Chart courtesy of stockcharts

AMD shares can recover some of the loses in near term according to the MACD indicator. The technical chart shows a possibility of a recover as K line is about to cross over D line. Stock still trading in oversold conditions and closed today at 14.69$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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