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Inovio Pharmaceuticals Inc (INO) “On a long-term technical basis, the stock (INO) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 16.26 suggesting the next support level is at 13.52. This weakness suggests the long-term trend is turning neutral.
The stock has support at 13.52 and 10.78. If the stock breaks down through support at 13.52 then it will probably continue lower to 10.78. The stock will meet resistance at 16.26 and 19.36. If the stock breaks up through resistance at 16.26 then it will probably continue higher to 19.36. The 200-day moving average is at 3.97. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.30).”
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