1. New 52 week High Price
2. New High On Balance Volume
3. Highest Relative Strength
4. Volume and price have to catch up and it needs to consolidate here
5. Short covering not much signs. As the stock pulled back after rally
As of now the stock is top 25 market leads and will need a higher volume and story to keep it there.
Third quarter widow dressing may determine if it remains a leader or a major pull back is coming.
After selling for a few points, and again buying at higher price, I hope this time I can keep it for long time.
the problem I see in being on the sidelines here is that you wake up one morning and a buyout offer is announced and it is at 130 and you miss a boat load trying to make a dollar or less. the last 6 months have proven this stock is explosive and it does not have a high enough PE to raise the risk on a large sell off. IMO Buy it look at it again in 6 months
ahhh if we could only emulate celgene. and maybe we will. or onxx boy, how I wish I'd bought some of that one.
sounds like I may need to snooze for 6 months. mostly when you follow your stocks daily you feel like you must "be doing something". and that exigency causes mistakes. I know.