Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Can't say for sure, but a couple ideas.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p71306246004
Market and IBB got whacked. IDRA has history of market influence.
Look at the large red volume bars ( not retail IMO). My guess is that a fund (perhaps Pillar or another or a combination) lightened up on their position. With market and IBB action would be easy for the slide to gain momentum. Combine fear with momentum and news like Orphan Drug Status is not sufficient to hold price.
Price is trying to build a bottom and this is another test. Since all the "money" indicators are strengthening we could be at or near the bottom. We need to hold 3.43-3.45 on a closing basis.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p21715331600
While some positives IDRA is not out of the woods for more downside yet. 10 day is resistance and that must change.
It will most likely take bigger news and or a surge in buying or improved sector to move it like we want.
An object in motion tends to stay in motion until an opposing force acts in opposition. That's where we are. Just the way it is. The bio sector exaggerates movement and quiet to extremes.
Good Luck
IDRA

For the LT big picture investors nothing has changed but the price in the ST. It is just noise until you sell.

All IMO. Comes with no guarantee of accuracy or usefulness.