Intrexon Corp., a synthetic biology company, has seen its stock market price trending down above a long term trend line that is now being tested for the third time with a significant increase in trading volumes. There is a good chance to see another bounce developing from here above §4.5 per share, which is also the level where the CEO of the company has recently piled up on his already significant shareholding.
INTREXON (XON) Monthly Price Chart – 23 May 2019
It is certainly a good idea to start accumulating positions at the present price level to target a bounce in the $15 area knowing that if the price reversal does not materialize and the all-time-low from April 2019 at $4.11 is broken a deeper slide should follow.
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