Chart Request: Genentech, Inc. (DNA)

| 1 Comment

Here's a chart of DNA for Mike:


This is one of my "no man's (person's) land" stocks. It's between the 50 and 200-day moving averages which signals to me an intermediate term downtrend and a long(er) term uptrend. Or you could say that it's just been going sideways for months -- it's right where it was last July. So the outlook largely depends on one's time frame.

The stock is at a critical juncture now though. It tested its 200-day moving average on Monday and Tuesday. IMHO, if any stock is health it should find support at the 200. I think the recent action is a great low risk buy point for long term oriented people. The recent lows give you a nice, tight stop-loss point.

1 Comment

Thanks a ton Mike! Always good to see another's way of looking at things. I'm long the feb 80 call's so unfortunately I don't have the "longest" time frame. We will see....

check out my neighbors in meatspace


Creative Commons License


This work is licensed under a Creative Commons Attribution - Noncommercial - No Derivative Works 3.0 License.


Quoted

"The secret for winning in the stock market does not include being right all the time." ~ William O'Neil
  • Even if you don't have perfect credit, you may be eligible for a $500 payday loan. Apply today and receive cash advance by the next day, all via the Internet
Powered by Movable Type 5.01

About this Entry

This page contains a single entry by Michael published on January 26, 2006 8:06 AM.

Chart Request: Nelnet Inc. (NNI) was the previous entry in this blog.

Watchlist for January 26, 2006 is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.