Discovery Laboratories DSCO Stock Analysis November 2009

The following is technical analysis on Discovery Laboratories Inc. (DSCO) for November 2, 2009.

Discovery Laboratories Inc. (DSCO) Support & Resistance Levels - 11/2/09

Resistance Levels - $0.97, $1.00, $1.02. $1.05, $1.20

Support Levels - $0.85, $0.78, $0.65

Chart - http://stockcharts.com/

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Discovery Laboratories Inc. (DSCO) continues the oversold bounce which started two trading sessions ago. The stock will now be facing some major resistance located between $0.97 - $1.05. A close above $1.05 would be very bullish. Support is now located at $0.85, I would be a seller below $0.85. For More Technical Analysis - Go Here

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