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Minerva Neurosciences Inc: Resistance Breakout

Published 09/17/2016, 06:57 AM
Updated 07/09/2023, 06:32 AM

Minerva Neu (NASDAQ:NERV) closed at 14.31 on Friday, reconfirming the new uptrend after the recent break of the 13.75 resistance level. Because of this, I feel that this stock is ready to go towards its next target of $15.84 level (52-wk high). From the daily technical chart we can see that the stock is on a bull market as it is trading above all EMAs and MACD is above Zero line.

Minerva Daily Chart

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