DNDN Breakdown
By Johns Wu on Nov 01, 2005
DNDN stock got hammered today. The price action may have had something to do with its Provenge drug.
It was in a nice uptrend for the last couple months, but today’s 10% plummet caused the stock to breakdown through its support on 2x average volume. The break of the trendline looks gloomy, and could get worse, as I’m sure traders will be shorting every uptick if the stock tries to recover losses. Note that the stock is currently resting at a support (I forgot to draw them in).
This entry was posted on Tuesday, November 1st, 2005 at 10:43 pm and is filed under Annotated Analysis.
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