Chart Request: Genentech, Inc. (DNA)

Here’s a chart of DNA for Mike:

This is one of my “no man’s (person’s) land” stocks. It’s between the 50 and 200-day moving averages which signals to me an intermediate term downtrend and a long(er) term uptrend. Or you could say that it’s just been going sideways for months — it’s right where it was last July. So the outlook largely depends on one’s time frame.

The stock is at a critical juncture now though. It tested its 200-day moving average on Monday and Tuesday. IMHO, if any stock is health it should find support at the 200. I think the recent action is a great low risk buy point for long term oriented people. The recent lows give you a nice, tight stop-loss point.