Deciphera Pharmaceuticals $DCPH Stock Breaks Below 200 Day Moving Average

  • Post category:Biotechnology
  • Reading time:1 mins read
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Deciphera Pharmaceuticals stock has broken below its 200 day moving average line firing a MAJOR bear signal.

The PPI coming in hotter than expected tanked a lot of biotech stocks that are not profitable and that are raising money through dilution. Dilution not so easy to convert into money in a reducing liquidity macroenvironment.

Deciphera Pharma stock chart on February 16 2023 with a break below its 200 day moving average
Deciphera Pharma stock chart on February 16, 2023, with a break below its 200 day moving average. If $14.49 support is broke, LOOK OUT BELOW!

On January 24, 2023, a cluster of J.P. Morgan, Jefferies, Cowen, and Guggenheim Securities ran around pitching $DCPH stock to clients to raise $143 million.

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