MGNX – Macrogenics

With most health care stocks in general being under pressure, be certain to save money for lower support levels if you are scaling into a position during this pullback.

On this 3 year weekly chart for MGNX, its MACD Histogram is still gaining selling momentum. This usually indicates the downtrend is not yet over. If its $23 support area does not hold, $18.50 is the next area below.