Posted by 4 December 2005

Chart Request: Momenta Pharmaceuticals (MNTA)

Here’s MNTA’s chart:

This is one of those charts I just love (not!) — stuck between its 200 and 50-day moving averages. So it’s intermediate term bearish and long(er) term bullish. Take your pick depending on your time frame…

RSS Feed Subscribe to get Free Updates.

Comments

  1. Posted by Dave on December 5, 2005 at 7:08 am

    This chart looks like a classic “blue ice failure” where it breaks the 50DMA, then approaches it from underneath usually more than a couple times. I scan for these and then short them with a stop near the 50DMA.