HEB Stock Analysis August 31, 2009 8/31/09

HEB Technical Analysis - The following is Hemispherx Biopharma, Inc. (HEB) stock technical analysis for August 31, 2009

Hemispherx Biopharma, Inc. (HEB) Support & Resistance Levels - 8/31/09

Resistance Levels: $2.11, $2.20, $2.50

Support Levels: $1.99, $1.94, $1.86

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HEB is back trading over the 10 day moving average which is bullish. The stock has been having problems closing over the 50 day moving average for the past month so when you see this happen, a surge should follow. I am currently back in the stock and will keep a tight stop at $1.85. After the 50 day moving average, there is also resistance located between $2.50-$2.60. If HEB can bust up through that area, you could see the momentum traders pile back into the stock again. With the swine flu threat out there, HEB should be hot going into the fall. For More Technical Analysis - Go Here

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