News Details – Smallcapnetwork
Trading Alert on BIOD
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February 2, 2024

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PDT

Now Over Key Technical Hurdles  As promised yesterday afternoon, we've got a new trading idea for you today. This stock has been bullishly smoldering for a while now, but it appears ready to really start a bullish fire.  It's Biodel Inc. (BIOD), and with just a quick look at the chart below you'll see why it's looking ready to pop.  October's pullback was topped off with a really nasty one-day plunge from $3.63 to $2.13, but ever since that dip we've seen a real recovery effort. Well, the tipping point was cleared as of yesterday with the move above all the key short-term moving averages. In fact, these moving averages lines are now acting as support.  The kicker is how BIOD has made the last leg of this progress on noticeably stronger volume.  Together, this should all be enough to light a fire under Biodel and get it going at a really nice bullish pace.    We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC  4653 Carmel Mtn Rd  Suite 308 #402  San Diego, CA 92130   Share the SCN Newsletter If you find the Small Cap Network Newsletter informative and profitable, please forward our newsletter alert service to like-minded friends and associates who share similar market interests.   Ensure Newsletter Delivery To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery.   Change Your Subscription Settings