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Monday, October 18, 2010

PharmAthene, Inc. (PIP) Stock Catches Fire

By Tim -

The following is technical analysis on PharmAthene, Inc. (PIP) stock for October 18, 2010

PharmAthene, Inc. (PIP) Support & Resistance Levels - 10/18/10

Resistance Levels: $4.31

Support Levels: $4.00 - Chart

PharmAthene, Inc. (PIP) is soaring again today after the stock was pumped last week followed by an upgrade this morning. Is PharmAthene, Inc. for real? Well, someone is buying. PharmAthene Inc has traded 21 million shares so far today but will face stiff resistance above $4.31. If PIP breaks back down through $4, look out below. No matter what the story is with this stock, it is a daytraders dream!

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