Today we will analyze the stock Immunogen (IMGN) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Immunogen (IMGN)
1- Last bearish trend was from 13.55 $ (1/20/2012) to 12.57 $ (1/26/2012) a 0.98 $ move 2- The current bullish trend started from 12.57 $ at 1/26/2012 and is currently trading at 14.61 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Immunogen (IMGN) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 12.570 and 11.380, and is currently supporting at 13.046.
Immunogen (IMGN) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 12.570 and 11.380, and is currently supporting at 13.046.
Immunogen (IMGN) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 3.750 $ height triangle which was broken up at 11.990 in higher than usual volume, target of the pattern is 15.740.

Stock Trading Conclusion:
Immunogen (IMGN) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 15.74.
Stock Support levels : 14.13, 13.83, 13.59, 13.35, 13.05, 12.57,.