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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 broken through an important trendline at 14.59 suggesting the next level of support is 11.60. The long-term uptrend has now turned neutral.
The stock has support at 11.60 and 9.53. If the stock breaks down through support at 11.60 then it will probably continue lower to 9.53. The stock will meet resistance at 14.59 and 16.50. If the stock breaks up through resistance at 14.59 then it will probably continue higher to 16.50. The 200-day moving average is at 4.57. This will also act as support. If the stock closes below 11.60 a negative trend change is probable. Look for the stock to fall to the 200-day moving average at 4.57. The stock is neutral according to the Stochastic Indicator (55.47).”
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