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RXi Pharmaceuticals Corporation (RXII) Video Chart For Wednesday, June 27, 2012

Even though RXII has only been trading for less than two months, the technicals show that a base has formed and that there is potential for a move in the near term as the moving averages have converged and the bollinger bands are tightening. Technical traders will be watching for an increase in volume to hold support at 8 cents and for pressure to try and take out resistance at 9 cents.

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