Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Today it looks like we are again testing and battling between the 10 day and R-1 pivot line. Indicators do show signs of topping. It is not yet confirmed, but a close watch for those trading around a core is prudent. Long term nothing has changed. Could be a buy the dip opportunity as well. These are times when when the emotions run the from caution to gambler. Which are you....lol...
The battle must resolve before next leg up can occur. Still very possible IDRA is just forming a handle for that next move up as this is obviously a resistance level. We previously had 4 out of 5 closes above the R-1 so a close below today may be the start of resistance there instead of the support it was building. That's the "short term" focus. Again long term nothing has changed and this likely is of little meaning to the real longs with patience that do not trade around a core.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p62595317500
Be Green Everyone
IDRA