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Celldex Therapeutics – Equities of interest

February 21, 2013 by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :
Celldex Therapeutics, Inc. (NASD: CLDX)

A nice little run for this one of late and while medium and longer-term technical studies are looking constructive, the short-term horizon is less encouraging. Daily technical studies are well overbought and from here, the risks are tilted to the downside, with the market poised for a healthy corrective pullback towards the $7.50-8.00 area. The market should have a hard time trying to establish any meaningful gains above $9.00.

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Filed Under: Equities of interest

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