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Onconova Therapeutics Shares Trading Higher Following Regained Compliance With NASDAQ Listing Requirements

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Onconova Therapeutics Shares Trading Higher Following Regained Compliance With NASDAQ Listing Requirements

Onconova Therapeutics (NASDAQ: ONTX) shares are trading higher today after the company announced it regained compliance with the Nasdaq listing requirement. Onconova Therapeutics, Inc. is a biopharmaceutical company focused on discovering and developing products to treat patients with cancer.

Technical Levels

Onconova has been trading on above average volume since the beginning of February. The hourly chart below shows that the price of the stock had formed what many technical traders cite as support at $1.50. Shares did fall sharply below the $1.50 level, after being supported several times, but have since regained the price and are currently once again trading around $1.50.

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