By Tim - http://stockstobuy.org
The following is Orexigen Therapeutics, Inc. (OREX) technical analysis for February 3, 2011
Orexigen Therapeutics, Inc. (OREX) Support & Resistance Levels - 2/3/11
Resistance Levels: $2.75, $3
Support Levels: $2.50
Chart - Courtesy of www.stockcharts.com
Orexigen Therapeutics, Inc. (OREX) recently had a diet drug fail at the FDA which caused It's stock to drop significantly. Orexigen Therapeutics, Inc. (OREX) stock has had some nice support located at $2.50 so if you want to bet on this company getting their drug approved, look to buy around there. Orexigen Therapeutics, Inc. (OREX) has resistance on the upside located at $2.75 and $3.00. If OREX can break above $2.75, I think it can run back into the $3's.
Orexigen Therapeutics, Inc. (OREX) Support & Resistance Levels - 2/3/11
Resistance Levels: $2.75, $3
Support Levels: $2.50
Chart - Courtesy of www.stockcharts.com
Orexigen Therapeutics, Inc. (OREX) recently had a diet drug fail at the FDA which caused It's stock to drop significantly. Orexigen Therapeutics, Inc. (OREX) stock has had some nice support located at $2.50 so if you want to bet on this company getting their drug approved, look to buy around there. Orexigen Therapeutics, Inc. (OREX) has resistance on the upside located at $2.75 and $3.00. If OREX can break above $2.75, I think it can run back into the $3's.
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