Wednesday, July 18, 2012

Galena Biopharma, Inc. (GALE) Video Chart for Wednesday, July 18, 2012

GALE has pulled-back after a large move from December 2011 through March 2012. After channeling between about $1.10 to $1.60, the stock has pushed to form a new, higher base with resistance now at $1.92. The indicators have cooled-off some which leaves the chart in a position to try and pick a stronger direction in the near term.

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