Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Binks, probably right....6 month daily puts the odds at maybe 65% +.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p24528476960
4.02 is the last gasp on 6 month daily for support to hold above threes.
You can see the price label descending lows as price targets.
The 2 year mid bb is at 4.04 and obviously would be the final potential LT support before entering threes. 2 year has an macd down cross and adx black rolling over which increases the odds of hitting threes.
http://stockcharts.com/h-sc/ui?s=IDRA&p=W&yr=2&mn=0&dy=0&id=p06803264850

No guarantees and news always trumps charts, but without some event I'm guessing the odds of seeing threes is 80%+ the way things sit right now.
That concludes the late night dart throwing report from ww.uselessoniondotcom/.
Paying attention to such gibberish may be hazardous to your trading account. Do your own dd.
IDRA

Baker Bro. only put in $20million at 3.75, but what do they know, probably just needed to pony up for those 2 BOD seats. Thats on top of millions invested previously. Maybe they are averaging down. LOL