Keynesonomics

RNN -- Bearish Trend Line Break

AMEX:RNN   REXAHN PHARMACEUTICALS INC
133 0 0
As noted recently, RNN             needed to hold that lower, ascending trend line , but following subsequent market and sector weakness, it failed to do so ( trend line has been violated). With the stock still up 289% from its 52 week low, caution is warranted, and it seems logical that further weakness is a strong possibility. How low could it go? Please see corresponding, key support levels (S-1 - S-5). For reference only. Always, IMHO.
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