kilo1romeo

Cempra pharma looking toppy. Short to $19.80

Short
NASDAQ:CEMP   None
Received email re "long" candidate Cempra $CEMP . Looks like this is getting the ax. Be brave (not a good trader personality trait) to $18 - 17 area. One could cover in stages at $19.80 and $18. Just wanted to bring to your attention if you find this informational.

From Barchart to my inbox:

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 72.50% in the last month
Relative Strength Index 78.38%
Barchart computes a technical support level at 20.34
Recently traded at 24.55 with a 50 day moving average of 16.21
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