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Albany Molecular Research Inc. Message Board

  • thetechtraderca thetechtraderca Apr 23, 2013 7:50 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on AMRI at TheTechTrader site noting: Albany Molecular Research Inc. (AMRI), a biotech stock, is in good shape. It has a nice rising, 45-degree angle channel. After the 5-wave, corrective, 5-week consolidation and run-up from the 5.30 area all the way up to 11 and change, it consolidated. It held the trend line, it held the rising 50-day, and on Monday, it popped to 10.48, and then pulled back to 10.38, up 1.06, or 11.4%, on nearly a million shares. That was the biggest volume in a month. If it popped and followed through, and got out above the 10.88.-.90 zone, this stock could see 15-16 area fairly quickly.

 
AMRI
20.94-0.06(-0.29%)Jul 29 4:00 PMEDT