Idera Pharmaceuticals Inc (IDRA)

[Citrati]

http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=3&dy=0&id=p47621597479
I actually think it is a good sign to tag a support low (1.65) and a resistance high (1.66), if you draw the line,and then return to price above the mid bb. As long as price remains above the 8ema and the ema remains above the midline price is on solid ground.
Some nice catalysts coming up over next few months.
Will need to work through the resistance to p-pivot before we can call for a b/o.
For now we are just biding time in the 1.50-1.92 channel. Don't expect much to change until volume comes.
That's my 1/4 pennies worth of thought and opinion.
IDRA