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Keryx Biopharmaceuticals Inc. Message Board

  • josephanastasiw josephanastasiw Oct 30, 2013 11:20 PM Flag

    Chart observation

    The recent pull back may have been just a technical correction and nothing more. Look at the 6 month chart. If you draw a line thru the bottoms from June 25th until today, excluding the government drop and rise in October, the trend line intersects pretty closely with the $9.70 mark which is the current 50 DMA average. Looks like from a technical standpoint we may hit there which a 19.5% correction from the last high. Seems like a convergence for multiple reasons. Just an observation. With broader market looking tired, I would see another drop by end of week to test this support point. May pick up some more around $9.75. Let's see???

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KERX
13.70+0.62(+4.74%)Sep 29 4:00 PMEDT

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