Monday, December 21, 2015

LXRX Chart - 12/21/15

LXRX has had a very volatile year. In the short term, the stock needs to break $14, which is a very strong resistance point. The stock also seems to be forming a wedge here. If $14 is broken, a quick jump to $15.80 is possible. If $14 is tested but the stock fails to break through, we could see a retrace to $12 level.