Stock Chart Analysis MOGN

Posted by downtowntrader | 6/06/2007 09:29:00 PM | 0 comments »

Stock Chart Analysis MOGN

MGi Pharma, Inc. (Public, NASDAQ:MOGN)

After two days of selling pressure, I decided to start looking through my watchlists for stocks resisting to go down. MOGN is one that has held up quite well finding support at it's 20 day simple moving average today. In the grand scheme of things, it is holding well above it's previous base and 20.40 should hold as a low for now. If the markets find support here, then MOGN should move up to test it's recent highs.

Good Trading,


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