DepoMed; Opportunity In The Pullback
Jeff Pierce | Jan 20, 2014 01:30AM ET
Using the RSI as a measure of how bullish this stock has become and going buy the metrics of 80-40 as the range that a stock oscillates when it’s in a bullish trend you could say that Depomed Inc, (DEPO) is really overbought. The opportunity to trade this stock will be in the pullback as the RSI trades back between 40-50, which should be somewhere in the $10′s. Watch that level for a bounce.
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