Today we will analyze the stock PROGENICS PHARM (PGP.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PROGENICS PHARM (PGP.BE)
1- Last bearish trend was from 4.39 $ (3/30/2011) to 4.20 $ (4/5/2011) a 0.19 $ move 2- The current bullish trend started from 4.20 $ at 4/5/2011 and is currently trading at 4.37 $.
3- PGP.BE current support level is at 4.32 which is the 61.80 % fibonacci retracement of the last 0.19 $ move.
4- PGP.BE current resistance level is at 4.39 which is the 100.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PROGENICS PHARM (PGP.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.200 and 3.980, and is currently supporting at 4.273.
PROGENICS PHARM (PGP.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.650 $ height triangle which was broken up at 4.230, target of the pattern is 4.880.
PROGENICS PHARM (PGP.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.930 and 3.360, and is currently supporting at 4.243.

Stock Trading Conclusion:
PROGENICS PHARM (PGP.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 4.39, 4.44, 4.51, 4.88.
Stock Support levels : 4.33, 4.32, 4.31, 4.30, 4.28, 4.27, 4.27, 4.26, 4.24, 4.24, 4.20,.