Welcome To The Mannkind HUB On AGORACOM

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Message: Technical view of Mannkind

Looking for MNKD to take a little breather in here and maybe do some consolidating by move sideways or down. The stock has been in an accellerated uptrend for the last 7 trading days, which is unlikely to be sustained for much longer. Recently, these moves have lasted between 7-9 trading days. Additionally, the price has reached the top of the short to intermediate term channel. For traders, this is usually a good time to sell. On the downside there are some unfilled gaps at the $4.73, $4.44 and $4.05 level. Personally, I would love to see the stock go down and close some of these gaps.

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