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Seattle Genetics Has a Rally in Its DNA

Seattle Genetics Has a Rally in Its DNA

A caller to Mad Money Monday night asked about Seattle Genetics Inc. : "I have faith in them. In the daily bar chart of SGEN, below, we can see that prices have been stuck in a sideways trading range with lower highs seen in October, April and probably July. Despite the sideways movement of prices the daily On-Balance-Volume (OBV) line shows a decline from early February to the middle of July which tells us that sellers of SGEN have been more aggressive.