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Biotech / Medical : EBIO: Epoch Pharmaceuticals
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From: more1008/13/2015 5:36:30 AM
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$EBIO closed up 74.79% on Wednesday, on 29.65 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
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