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Message: Technical view of Mannkind

Technically speaking MNKD is very extended and due for a pullback. There is a lot of price support at the $3.30-$3.40 area. There are a couple open gaps that many chartists will say must be filled before MNKD can proceed higher. The gaps are at $3.11 and at $2.83. The longer term bullish trendline which began Nov. 16 at around at $1.90, is at about $2.75 today. The 50 DMA is at $3.05. I'm actually kinda of hoping that the MM's take the stock lower to close the gaps. This is better from a technical point of view and will offer a those of us who would like to add to our positions at a chance to do so at lower prices.

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