Stockpickr from Cramers thestreet, 4 Biotech Stocks Under $5 to Watch
Affymax (AFFY) is a biopharmaceutical company committed to developing novel drugs to improve the treatment of serious and often life-threatening conditions. This stock closed up 5.1% to $3.06 on Thursday.
Thursday's Range: $2.90-$3.39
52-Week Range: $2.26-$27.74
Volume: 14.99 million
Three-Month Average Volume: 4.34 million
From a technical perspective, AFFY bounced higher here right above some near-term support at $2.86 with heavy upside volume. Shares of AFFY have been consolidating for the last few trading sessions, with the stock trading just above and below $3 a share. That action now has AFFY trending within range of triggering a major breakout trade. That trade will hit if AFFY manages to take out $4 to $4.10 with high volume.
Traders should now look for long-biased trades in AFFY if it manages to break out above $4 to $4.10 with strong upside volume flows. Look for a sustained move or close above those breakout levels with volume that hits near or above its three-month average action of 4.34 million shares. If that breakout triggers soon, then AFFY will set up to trade into its previous gap down zone from last month that started near $16. Some possible upside targets if we get into that gap with volume are $6 to $8.
Your that same dumm chick from the peix board i remember u problem is it that the mention of bk does the damage , this will trade in a similar fashion to overseas shipping that also mentioned bk as a possibility and shortly there after did announce the bk , if u bought this on the 17th date of your post then u truely are a horrible bad timing investor lmfao tell gay ray to go f himself the big beak b....a...s....t....a.....r.........d
the technicals look good ... decisive breakout above 2.80 on the 7th and then with retracement that 2.80 level held - with increasing volume. even $3 held on Friday... any positive news and AFFY will smash $4 level.
do you hear me Grey Corner / Godwin, left hand, right hand??????