Intrexon Corporation stock (NYSE:XON) is a strong
market and the strength is expected to continue for most of this year. The
price was bullish for most part of the last year – an action that has continued
till now.
Intrexon Corp stock has broken out of the upper
Trandline, showcasing a bullish determination. At the same time, the RSI period
14 is above the level 70. This is very strong bullish market; and though some transitory
pullbacks should be expected along the way, the pullbacks would be nice opportunities
to buy long. The price may eventually reach the supply levels at 60.00 and
70.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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