Stock Chart Analysis DSCO

Posted by downtowntrader | 6/10/2007 08:12:00 PM | 0 comments »

Stock Chart Analysis DSCO

Discovery Laboratories, Inc. (Public, NASDAQ:DSCO)

DSCO has had a very nice rally recently, and is in the process of consolidating as it pulls back on declining volume. It has now pulled back to converging support provided by a rising 50 day sma, lower bollinger band, and a horizontal trendline over a previous breakout area. There is still an unfilled bearish gap above that is calling as well.

Good Trading,


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