Wednesday, May 5, 2010

New Biotech pick?

Monthly multi-year chart


This stock was passed along to me earlier today from a source that has provided some big biotechnology winners in the past.  It is on a fresh Weekly Trend Buy Signal as well as breaking out from a multi-year saucer pattern shown the chart above.  The missing ingredient is fundamental backdrop to provide propulsion back to the old highs shown on the chart. 

I sent out the Weekly chart and name of the company to the subscription email list earlier today, with the caveat that I haven't finished researching the company, so it was not an official recommendation, not yet, just a heads-up in case it starts running.


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