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Astex Pharmaceuticals, AŞ Message Board

  • thetechtraderca thetechtraderca Apr 3, 2013 10:38 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on ASTX at TheTechTrader site noting: Astex Pharmaceuticals, Inc. (ASTX) has had a nice run-up over the course of the last few months. It ran up from May to Sept of last year, pulled back in a 50% retrace, and now a nice, strong move has taken it from about 2.15-.20 all the way up to 5.09 on Tuesday. It had nine days up, two weeks down, support near lateral price resistance and 21-day moving averages, and now it’s been up seven consecutive days with volume increase. At some point here it’s going to get overbought. The top of the channel is the target at 5.96. It may be another day or two before it turns down, but be careful and keep raising your stops.