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
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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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