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OraSure Technologies, Inc. Message Board

  • bschooled bschooled Jul 15, 2013 2:10 PM Flag

    Major Upside Breakout Possible

    I was going to write my thoughts about the recent upward trend in OSUR but it seems The Street beat me to it this morning with their article so I'm just going to copy and paste it below. I think whoever wrote it did a good job of identifying the key overhead resistance levels.

    "From a technical perspective, OSUR ripped higher here back above its 50-day moving average of $4.28 with above-average volume. This move is quickly pushing shares of OSUR within range of triggering a near-term breakout trade. That trade will hit if OSUR manages to clear some near-term overhead resistance levels at $4.60 to $4.62 and then once it takes out more resistance at $5.05 with high volume.

    Traders should now look for long-biased trades in OSUR as long as it's trending above its 50-day at $4.28 or above Friday's low of $4.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 453,058 shares. If that breakout triggers soon, then OSUR will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to $6. Any high-volume move above $6 to $6.15 will then put $6.75 to $7 into range for shares of OSUR."

    Sentiment: Buy

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    • ...all I know is, and in spite of all the naysayers who have recently reared their heads on this board, since averaging down to the high $3's, I'm a pretty happy camper with this stock...whether a buy-out is being considered, or whether the stock has just turned a corner to the upside, my take is still that this company is NOT a one trick pony, and the Oraquick product is STILL the only product of its kind on the market, and will continue to be for the near to mid-term...

      Sentiment: Hold

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