Boston, MA 04/09/2014 (wallstreetpr) – MEI Pharma Inc. (NASDAQ:MEIP) lost some ground on Monday and had been on a downward trend since the last week; The Stock lost about 7.3% in its last trading session. The stock is currently trading below its 50 DMA which is at $9.46 and has broken the support level, the next support for the stock will be around its 200 DMA which is at $8.48.Short term traders can go short on the stock if the stock breaks below the 200 day moving average with a stop loss at $8.50 and targets of $6.75.
ERBA Diagnostics Inc. (NYSEMKT:ERB)
ERBA Diagnostics Inc. (NYSEMKT:ERB) is currently trading in a very narrow range and not showing momentum. The stock is trading below its 50 DMA which is at $2.72 and above its 200 DMA which is at $1.91, The technical indicators are also neutral for the stock and the relative strength index is moving towards the oversold zone, which implies the stock should start gaining in the coming sessions.
Short term traders can go long on the stock with a stop loss at the 200 day moving average $1.91 with a target price of $2.72
USEC Inc. (NYSE:USU)
USEC Inc. (NYSE:USU) is currently trading below its 50 DMA which is at 4.41 and has been on a downward bias since the last month. The Momentum indicators are flat for the stock, and the relative strength index is moving towards the oversold zone, which implies the stock should start making some gains in the coming sessions. The stock has a very strong resistance around 4.10 level and the next resistance level will be around 4.41 which are its 50 DMA.One can go long on the stock with a stop loss below $3.10 and targets of $4.10 and then the 50 day moving average.
