Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Not looking too good in any time frame.
http://stockcharts.com/h-sc/ui?s=IDRA&p=W&yr=1&mn=3&dy=0&id=p92070491463
This 15 month weekly tells it all. 200 day or better needs to hold.
3 month fast chart is ruled by the adx black trend line. Only salvation may be that the -DI is so far out of touch with the trend line that a bounce (lower bb would like it too) may be near, but nothing signaling a potential trend shift.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=3&dy=0&id=p46022150203
Right now the down angled 10 day is a rock hard ceiling.
One usually gets cut trying to catch a falling knife.
Maybe we can coax BooDog over here with his "hook" pattern...