HEB Technical Analysis - The following is Hemispherx Biopharma, Inc. (HEB) stock technical analysis for October 19, 2009Hemispherx Biopharma, Inc. (HEB) Support & Resistance Levels - 10/19/09
Resistance Levels: $1.90, $2.16
Support Levels: $1.75, $1.64
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Hemispherx Biopharma, Inc. (HEB) continues the downtrend that began in July when it became apparent that the Ampligen FDA decision would be delayed for awhile. HEB closed back below the 10 day moving average on Friday so I would be avoiding the stock right now. There is resistance between $1.85-$1.90, so if HEB breaks back above $1.90, I will jump in for a quick trade. Keep an eye on $2.16 & $2.24. If HEB would gain momentum and break these two prices on heavy volume, this would be a sign of a trend reversal and I'd look for $2.54-$2.55 to be retested. Support is located at $1.75 & $1.64 but like I said earlier, as long as HEB trades below the 10 day moving average, I will be avoiding it. For More Technical Analysis - Go Here
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