Inovio Pharmaceuticals Inc (INO) “On a long-term technical basis, the stock (INO) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 21.83 and 19.36. If the stock breaks down through support at 21.83 then it will probably continue lower to 19.36. The stock will meet resistance at 33.81 and 35.96. If the stock breaks up through resistance at 33.81 then it will probably continue higher to 35.96. The 200-day moving average is at 6.74. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (84.36), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”
