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.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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