Idera Pharmaceuticals Inc (IDRA)

[Citrati]

It is kind of a crap shoot with several assumptions.
Assuming no news and whales taper off a bit.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&yr=0&mn=6&dy=0&id=p61822014158
Because the bottom of the previous candle body is below $3, the b/o was 2.90 and the 10 day is at 2.80 I do think odds favor below $3. For me, with lots of targets shown, I will put in bids at multiple points with the lowest at the bb midline just in case there is a stop run. Volume and buy/sell ratio will help understand the ST action. Watching indicators cool should fill in the rest of the picture.
Again, I really like this stock. This is just my trading portion and my core is untouched. I get warm fuzzies out of reducing my LT costs, lol.
Be Green.....IDRA