Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Time will tell, but for now it looks to just be normal 50day testing. Combine that with the 200day at the same 1.86 and resistance was likely on the first shot, especially without big news.
4, 8 and 13 ema's nicely stacked above the midline and all rising.
rsi in power zone, macd strong, CMF and A/D positive. Price still bouncing and rising off the 13ema while trying to maintain above the 4ema. All positive IMO.
This same zone 1.80-1.88 is a key market structure support/resistance as shown on VbP bars before making the next possible move higher. Then throw in the p-pivot and this is a tough resistance area, but could become huge support. Wouldn't that be nice.
Conclusion: I am holding unless chart goes negative.
All IMO and not advice for others.
Disclaimer: I can tend to be an optimist so consider that as well.

http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=4&dy=0&id=p70996102576