XOMA Trade (long)

XOMA was mentioned here on May 9 and 16th. It just hit an alert I set yesterday. This one may run a bit longer considering the length of the lateral range, I'd personally take partial profits at any sign of a double digit return and put a trailing stop behind the rest. If you need suggestions on the stop (if XOMA moves enough to warrant it), just email me.

 XOMA's lateral consolidation on a daily chart.

 The movement this a.m. on some volume that triggered my alert from yesterday.

60 min 3C-positive leading divergence. The risk:reward ratio at this level looks pretty good as well. I'd still consider this a speculative trade with all of the same rules and principles applying to it as the last few listed.