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Alexza Pharmaceuticals Inc. Message Board

  • mattoruu mattoruu May 10, 2010 3:04 PM Flag

    SmallCap Network posts new chart and bullish outlook on ALXA.

    "Bingo! You can't quite tell it on the weekly chart of Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA) below, but this small cap has reached new 52-week highs today thanks to a pretty impressive (and resilient) uptrend over the last few weeks. In fact, ALXA is actually gaining momentum.

    The reason I opted for a weekly chart over a daily chart for ALXA is to show you the scope of (1) the long-term rebound effort, and (2) the move to new highs. Truthfully, I'd prefer it if Alexza Pharmaceuticals actually set up something of a base right below $3.53 - or even right above it - before making the next bullish leg, but the market didn't ask me my opinion. So....

    ....just bear in mind this chart comes with a more-than-ample likelihood of seeing a flat period, or even a bit of a dip, at some point in the near future. Don't sweat it. In the bigger picture, Alexza Pharmaceuticals, Inc. has been establishing a solid long-term recovery move; $3.53 is the Mason-Dixon Line."

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