Panzer_4183
Long

RNN is it ready to blast off??

AMEX:RNN   REXAHN PHARMACEUTICALS INC
247 1 1
Rexahn is one stock to watch. Few drugs in a pipeline plus pending partnership deal, this stock is ready to move up. Before this happens few things need to be cleared out. Weak holders, panic sellers and reverse stock split in the summer. Analyst who cover this stock target 3pps as average target. But longturn if any of its drugs gets on FDA approval list this could easily blast 3 digits.

Pipeline
Supinoxin™ (RX-5902)
http://www.rexahn.com/cms/portfolio/rx-5902/
RX-3117
http://www.rexahn.com/cms/portfolio/rx-3117/
Archexin®
http://www.rexahn.com/cms/portfolio/archexin/

On technical side, price has been rejected on 1.08 several times which is now well established support. 1,11 is 50% fib level good for bounce.Major resistance levels are 1.30, 1.50 and 1.80 .Preaty cheap stock regarding its potential.
This is interesting to read regarding drug efficiency !
http://www.rexahn.com/pdf/newwww/2014_AACR_poster_RX-3117.pdf
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