NewLink Genetics Corporation, a biopharmaceutical company, focuses on
discovering, developing, and commercializing immunotherapeutic products
to enhance treatment options for patients with cancer. Its portfolio
includes biologic product candidates based on its HyperAcute
immunotherapy technology, which is designed to stimulate the human
immune system; and small-molecule product candidates that are focused on
breaking the immune system’s tolerance to cancer by inhibiting the
indoleamine-(2,3)-dioxygenase (IDO) pathway.
Take a look at the 1-year chart of NewLink (Nasdaq: NLNK) below with added notations:
NLNK has formed a clear resistance at $42 (red), which would also be a
10-month high breakout if the stock could manage to break above it. In
addition, the stock is climbing a short term, up-trending support level
(green) over the last 2 months. These two levels combined have NLNK
stuck within a common chart pattern known as an ascending triangle.
Eventually, the stock will have to break one of those levels.
The Tale of the Tape: NLNK has an uptrending support
and a clear $42 resistance level to watch. A long trade could be made
on a pullback to the support, or on a breakout above $42. A break below
the uptrending support would be an opportunity to enter a short trade.
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zerohedge.com / by Tyler Durden on 12/22/2014 12:31
Moments ago we learned that for all talk of a commodity “bottom”, the “energetic” dead cat has resumed its inverse bounce. To wit:
- BLOOMBERG COMMODITY INDEX EXTENDS DROP TO LOWEST SINCE 2009
The main plotline now is simple: plunging commodity prices (just don’t call them deflation, “negative inflation” is much better) are a huge tax cut on the US consumer the pundits will have you know. And why not: so simple a Jonahtan Gruber could have come up with it.
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