HEB Technical Analysis - The following is Hemispherx Biopharma, Inc. (HEB) stock technical analysis for August 17, 2009Hemispherx Biopharma, Inc. (HEB) Support & Resistance Levels - 8/17/09
Resistance Levels: $2.06, $2.34
Support Levels: $2, $1.87, $1.50
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HEB stock continues to close under the 10 day moving average as investors await an FDA decision on CFS drug Ampligen due out sometime this fall. As soon as the stock closes above the 10 day moving average, you could see a nice pop. HEB has resistance at the 50 day moving average as well. A close above $2.34 will also attract some big buyers as this would be a very bullish indicator. As long as Hemispherx Biopharma trades below these two moving averages, I will be staying away but will always be watching. For More Technical Analysis - Go Here
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