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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Discovery Laboratories DSCO Stock Analysis October 2009

The following is technical analysis on Discovery Laboratories Inc. (DSCO) for October 5, 2009.

Discovery Laboratories Inc. (DSCO) Support & Resistance Levels - 10/5/09

Resistance Levels - $1.10, $1.20. $1.40

Support Levels - $0.99, $0.68

Chart - http://stockcharts.com/

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Discovery Laboratories Inc. (DSCO) is back below $1.10. The next major support level that must hold is $0.99 followed by $0.90. A close below $0.90 would set up a retest of the 50 day moving average. I will buy DSCO again when the stock trades back above $1.20.

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Discovery Labs DSCO and FDA Meeting Results

September 30, 2009 - Shares of Discovery Laboratories, Inc (DSCO) are spiking in pre market this morning after the company and the FDA have established a path for potential Surfaxin FDA Approval. DSCO stock is indicated to open Up 55% to $1.72 in early trading.

DSCO Forum

Discovery Labs and FDA Establish Path for Potential Surfaxin Approval

Discovery Laboratories, Inc. (Nasdaq:DSCO) held a teleconference on September 29, 2009 with the U.S. Food and Drug Administration (FDA). The meeting established an approach to potentially resolve the remaining primary issue that Discovery Labs must address to gain U.S. marketing approval of Surfaxin(R) (lucinactant) for the prevention of Respiratory Distress Syndrome (RDS) in premature infants. The meeting focused on Discovery Labs' plans regarding optimization and final method validation of its fetal rabbit Biological Activity Test (BAT, a quality control and stability release test) and a proposed limited Surfaxin clinical trial design, which would simultaneously employ the newly-optimized BAT. Full Article

Looking at the chart, there is major resistance located at $2 and $2.40. If DSCO stock was to close over $2.40 at any time in the future, the next major resistance level would be $3.02. I will be buying DSCO if it breaks $2.00.

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Discovery Laboratories DSCO Stock Analysis - 9/11/09

The following is technical analysis on Discovery Laboratories Inc. (DSCO) for September 11, 2009.

Discovery Laboratories Inc. (DSCO) Support & Resistance Levels - 9/11/09

Resistance Levels - $0.75, $1.10

Support Levels - $0.60

Chart - http://stockcharts.com

Discuss Stocks - http://stockstobuy.org

Discovery Laboratories Inc. (DSCO) closed at $0.71 Up 47% in afterhours on the FDA news. DSCO will be one of the hottest stocks on Friday with large volume. I am watching for a break above $0.75 which would be very bullish. After $0.75, the next major resistance level would be $0.99 which is the 200 day moving average. I would also buy a pullback to $0.60 for a trade.

Discovery Labs and FDA to Meet On September 29, 2009 to Discuss Potential Path for SURFAXIN Approval

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