CERC Rebound

NASDAQ:CERC   Cerecor Inc
Cerc is very oversold with an RSI of 37. It appears to have found support on the weekly trend line and yesterday it closed above the 0 fibonacci level. With the POC line YTD at $3.18 and the MACD startingto curl up I think this is a low risk entry for a long swing.

target: $2.71, $3, $3.36, $3.65 in the short term.


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