TomProTrader
Long

Anthera Pharmaceuticals- It can only be long

NASDAQ:ANTH   ANTHERA PHARMACEUTICALS INC
150 1 1
Everything says this is bullish to me, at least for the short term.

Fundamentally, Anthera have today announced the successful completion of an interim analysis of its Phase 3 trial (CHABLIS-SC1) of blisibimod in patients with Systemic Lupus Erythematosus and that the study should continue to completion as planned. This is a critical milestone for the company.

In terms of technical analysis , The only problem is the historical resistance zone I've discovered (The black line going across the chart.)
I'm looking to take profits very quickly in case of a turn around and have a stop loss in place.

Break above the 200 EMA and the Slow curve pattern as well as the trendline resistance tells me this is a home run.

I took an aggressive entry and got filled at 3.29 so I've already hit a complete home run here.

Good luck traders.

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Please ignore all indicators except the Stochastic here. The other indicators were left on herer by accident. :)
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