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Saturday, September 26, 2009

HEB Stock Analysis September 28, 2009 9/28/09

HEB Technical Analysis - The following is Hemispherx Biopharma, Inc. (HEB) stock technical analysis for September 28, 2009

Hemispherx Biopharma, Inc. (HEB) Support & Resistance Levels - 9/28/09

Resistance Levels: $2.25, $2.54

Support Levels: $2.00, $1.86



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HEB stock continues to hover around the $2 level. The company expects the FDA to come out with a decision on their CFS drug sometime this fall.

Resistance is located around $2.24, if I see HEB close above $2.25, I will get back into the stock. This would be a huge trend reversal because HEB hasn't closed over $2.25 since July.

On the downside, pullbacks to $1.86 must continue to hold. For More Technical Analysis - Go Here

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