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Momenta Pharmaceuticals Inc. Message Board

  • sandyeggojake sandyeggojake Jul 30, 2013 2:44 PM Flag

    Bull Flag on $MNTA

    After the big news on $MNTA, with a spike to $18.08 we had a near perfect retrace to the Fib50, and then a late day attempt to a new high, which failed. Monday was a "pin" day, with mm trying to reduce vol to prohibit a squeeze and mange options, setting up the break seen today. The test of the $17 mark and the 38.2% retrace, which so far have held, defining the lower edge of the bull flag on the 5 min chart. She's now chopping in the range of the 7/26 close. If it can move above that, we should might see a breakout in the next three sessions.

    We added a trading tranche at 16.68 on Friday.

 
MNTA
19.61+0.22(+1.13%)May 27 4:00 PMEDT