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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