Monday, June 27, 2011

XOMA Follow Up

I know a few of you are still holding XOMA, I don't know if the rest stopped out at the trailing stop I put up earlier, if so, then you should have made about 25% today.

 This morning's trailing stop took you out at $2.80 for  25% gain on the day.

 Here's the current 1 min 3C chart for XOMA, it appears it may be trying to gain a foothold.

This is about the widest stop I'd consider if you are still holding, it would allow some more consolidation and still take you out at a profit on the day.

If the divergence becomes stronger in XOMA, I'll follow up, it may make for a good add-to or a place to initiate a position with a tight stop.

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