By Tim - http://stockstobuy.org
The following is technical analysis on Orexigen Therapeutics, Inc. (OREX) stock for December 9, 2010
Orexigen Therapeutics, Inc. Support & Resistance Levels - 12/9/10
Resistance Levels: $8.80, $9.00
Support Levels: $8.50, $8
http://stockcharts.com - Chart
Orexigen Therapeutics, Inc. (OREX) stock fell below $9 yesterday and seemed to me like a good buy this morning at $8.60. I bought Orexigen Therapeutics, Inc. at $8.599 and will hold for a little while depending on where it goes. Orexigen Therapeutics, Inc. won FDA Panel support on Tuesday and expects the FDA to Approve the drug by the end of January 2011. If there are delays, Orexigen expects a decision by mid 2011. This stock could go to $7.50 or it could go back to $10 in the short term. Only time will tell.
Orexigen Therapeutics, Inc. Support & Resistance Levels - 12/9/10
Resistance Levels: $8.80, $9.00
Support Levels: $8.50, $8
http://stockcharts.com - Chart
Orexigen Therapeutics, Inc. (OREX) stock fell below $9 yesterday and seemed to me like a good buy this morning at $8.60. I bought Orexigen Therapeutics, Inc. at $8.599 and will hold for a little while depending on where it goes. Orexigen Therapeutics, Inc. won FDA Panel support on Tuesday and expects the FDA to Approve the drug by the end of January 2011. If there are delays, Orexigen expects a decision by mid 2011. This stock could go to $7.50 or it could go back to $10 in the short term. Only time will tell.
For more Technical Analysis - Go Here
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Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
