Chart info that is not SPAM, IMGN in interesting spot
If you draw a line at the higher lows, prior to the recent Roche contract debacle, IMGN's price at the close yesterday is right at the line that should have been support. The question is, will it now be resistance, or will IMGN cross the line and will this area now become support going forward. Looking good this morning, would like to see more stock volume to confirm the recent up move. We've seen + stock price, + option volume, what is lacking is stock volume and an increase in option volatility to confirm the change in character. Not complaining, just would like to see these things confirm the move.
I hope we get $15 on Friday so that i'll be in the money, and add that to my $11 already in the money ones. Loving this January biotech moves. Home mortgage applications up again. Budget ceiling debate not over yet tho and could still crush us.
Or maybe IMGNPOS is busily sucking up the blood of even more of the unsuspecting bagholders it is famous for creating....the biotech zombie of all zombies. Unless, of course, you are one of the vampire management or BOD who have been sucking the lifeblood out of shareholders for more than two decades without even a shread of accountability. Yep....zombies, vampires...this POS of a horror classic has them all.