Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Based on the assumption we have positive indications my next price target is as follows. Using measured move calculations ( my own concoction) I get $8.62. Using stockcharts P&F price objective to see if I may be in the right ballpark it gave a bullish price objective of $8.50...Close enough I won't argue. You can take your pick. Wave may have something different, but should be in same ballpark.
$8 may give some psychological resistance so depending on entry price and personal risk/reward objectives it will be an area of potential profit taking to reduce one's cost basis. Then it will be all about the magical $10 level...Lots to contemplate....Good Luck to All.
Feel free to share your #'s as well.

Not for investment purposes or advice to buy or sell. Just some approximations. Sensational news could also blow us straight to $10+ and force TA to create a new scenario. Just happy to have a position.