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ImmunoGen, Inc. Message Board

  • exgasmaster exgasmaster Mar 8, 2013 12:26 PM Flag

    Volume pretty darned impressive on this rise

    I'd be interested to see where the techies say the resistance points will be?

    Sentiment: Strong Buy

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    • this is still low volume, but next levels are $16.35 and $16.59 then a big gap to $17.12. IMGN only spent about a week above $16.59, so there should not be much solid resistance ahead, but still like to see move volume in the stock and options. Option volume looks like all retail so far today.

      • 1 Reply to bioimmunomabman
      • I should have been more specific about the rise - I went back 10 trading days, which started with over a 3.6 million trading day - and excluding today, the rise was from 14.47 to now today's close of 16+, and the average volumes has been about 1.2 million shares - I do agree that today's volume didn't wind up impressing - which is shame given the hold above 16. I'm prettty lite on my share volume right now, but am sitting on a pretty decent slug of Apr and Jul options. Up is a good thing for me, I rarely play down side. Thanks for the resistance points, I will be watching them.

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