Replies to post #5380 on Momenta Pharmaceuticals, Inc. (MNTA)

[dav1234]

ok,makes sense,but most today gapped and rose with market, this dipped and ramped 5% in a hour, not complaining,lol.

[tekcor_atnm]

Yes, imnot6 is correct. MNTA moving in lock-step with the overall market (as represented by the S&P 500 ($SPX).

As I mentioned in my last TA update: MNTA needs to 1) break free of the overall market and 2) clear the $17.50 resistance level (with a sustained move). Otherwise flat sideways trading. The good news is that I believe that it is setting up for a larger directional move...upwards of course, and probably due to a forthcoming positive catalyst.