April 8, 2011

DUSA - Trading Alerts

DUSA Pharmaceuticals, which has relentlessly climbing in the last year and especially in the last month, has taken a pause on Thurs (Apr 7) followed by a drop today (Apr 8). DUSA dropped from the 5.70's to 5.50's today (over 3%).

CHART

Based on the chart, DUSA appears to have a resistance around 5.17-5.23. So if you are a trader and had built a position from the 3's one would consider a protective stop just above 5. Good luck and happy trading.

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