We talk about horses, the sport of the kings and occasionally about stocks. We also do talk about wagering so If you are not over 21 yrs or do not wish to access content on wagering because of legal reasons or your religion, you are welcome to not read this blog.
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%).
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.