Posted: March 3, 2014 Filed under: H&S Bottom, Reversal | Tags: $DNDN, Dendreon, Immunotherapy, Prostate Cancer, Provenge
Dendreon Corp (DNDN) is a biopharma co. developing immunotherapeutic meds for cancer patients. More on their Provenge drug and how it works which is interesting here
From the chart perspective, DNDN is forming a 6 months Head & Shoulders bottom with 3.60 as the neckline. Will selling Provenge in Europe act as the reversal ? Implied target is $5
Do note the gap above which usually serves as resistance.
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