MAXY / Maxygen Inc.
Posted: Wednesday Oct 12 9:47:41PM 2011
Results as of market close, Wednesday, Oct 12: MAXY/NASDAQ Price: $6.08 Bias: negative Strength: 94/100 Trading above 200-day MA. Trading above 50-day MA. Trading above 20-day MA. 20-day is above 50-day MA. 50-day is above 200-day MA. P&F bearish price objective: $1.00 RSI: 70.04, rising, overbought. Fast stochastics: 97.40, overbought. MACD: bullish. Candlestick Analysis: bullish. This is a fantastic stock to trade. All 13 indicators I use to do my calculation are BUYS, yet I get a 94% negative bias. My suggestion is short MAXY once it tops out. Cover half at the 20-day MA and cover the rest at the 50-day MA. Go long half-way between the 50-day and 200-day MA. My bias and strength calculation has a strong likelihood of profitability when followed for MAXY