Good short position, bounce off of the 50 Day MA, 33.60 spot to watch.
Looking for a bounce around 263.15 to the 10-day SMA(yellow). Bounce could start as low as 262 on our first fib retracement
Xoma has many catalysts to hit along the way. We have the NVS deal along with great pipeline. However, I trade off technicals for the most part. Check the charts low RSI and Crossed MACD. CMF is a bit low, but after the NVS deal it should spike pretty hard.
$XOMA is at a peak buy time. We had a good CC with many incoming deals. Stock price WILL rise. Stoch RSI at buy signal, MACD looking to cross tomorrow, and CMF is positive.