No more excuses: got to buy XOMA

This is not the first time XOMA appears on my screen. I had all the motives to buy the stock, specially fundamental. But one thing kept me from buying it:



XOMA had a profound resistance area at the $1.90-$1.94 zone. Now the stock crossed over and I have to buy it. If a stock persistently appears on my screen which eliminates about 99% of the entire US stock market, it is because something's happening with that stock, something bullish.

Fundamentally we have this news to consider:

Xoma swings to a quarterly profit

When the news came out there wasn't much movement, it was on May 9:



The stock wasn't technically ready to advance. But now it is, and I don't mind buying higher but with fundamentals and technicals in tandem. And $2 or so is not so high price to pay for XOMA, look at this all history chart:



Everyday I will analyze XOMA after the market close until I sell the stock. I always tell I'm going to sell before I actually take action. You just have to follow the answers to this post.

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