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Immunomedics Inc. (IMMU) – stock is trading around $21.67 dollars as of December, 27, 2019 and offering a possible buying price between $21.60 – $22.68. Let’s look at the stocks technical actions using a weekly chart.
2. The stock started the downtrend with a 200 & 50 day moving averages (DMA) bearish crossover in the end of last year.
3. The stock finally breakout in early November , this year.
4. The stock also staged the 50 & 200 DMAs bullish crossover with the breakout.
5. The stock also had a nice run after the breakout.
6. The stock appeared to be staged a quick retrace and tested the 50 DMA support line.
7. The stock is offering possible buying price between $21.60 – $22.68, with a stop loss at $19.94.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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