Rexahn Pharmaceuticals, Inc. (REXN)

[bud_fox]

Some helpful chart tips for you. This will greatly enhance your trading strategy. This is for trading. If you are going to buy long term and hold you are on your own.

One of my personal favorites is American Bulls.com
http://americanbulls.com/SignalPage.aspx?lang=en&Ticker=RNN

and stockcharts.com http://stockcharts.com/

I use Scottrade, not sure what everybody else uses. Type in a ticker symbol and go to charts. The 3 I like to watch are the Bollinger bands in the upper indicator section and the RSI (relative strength indicator) and MACD in the lower indicator section.

Watch the trends. When the Bollinger bands are tightening and getting close a pending pop in price may be coming. The MACD is the longer term moving average and the signal line is the shorter term moving average. When the MACD begins to turn up and gets close to the signal line I may begin to jump in. Once it crosses the signal line you will notice the momentum traders will swoop in and take a quick ride up but may take profits same day. The RSI will tell you whether a stock is overbought or oversold. If the RSI is in the 40 to 60 range it's looking good. You will notice that when the stock price pops way up and the RSI is in the 80 range it is overbought and you can guarantee that traders, MM's and institutions will be selling the next day.

The ultimate is the golden cross and this almost always guarantees a huge price surge. Watch the 50 day moving average, when it's getting close to the 200 moving average get in. Once the 50 crosses the 200 you will see a huge surge in volume and a huge gap up. The thing is - you must take profits and let things settle after these huge price pops. You can't let stocks like RNN run from 1.00 to 1.60 and expect it to keep going. Look at the indicators I mentioned above and you will notice that the traders and smart money will be watching the charts to either continue the ride or get out with huge profits and wait.

Just pick a handful of stocks and watch these trends. It will greatly enhance your trading knowledge.