Technical analysis covering my top picks in the Specialty & Generic Drug Manufacturer sector including buy triggers & profit targets. The following trade setups are covered in this order: ACET, AGN, ARDM, ENDP (currently an Active Trade), EPIX, LCI, MYL, POK, OREX, PCRX, PSDV, PTX, RDUS & ZTS. Video speed can be increase via the settings to reduce playback duration.
The Long Trade ideas categories (Setups & Active Trades) has been updated with the following trades moved to the Completed Trade category as they have exceeded their suggested stops. BAA- Traded as low as 0.15 while the suggested stop was on any print of 0.16 or lower. note: I am growing increasingly bullish on the mining sector and may soon add several new mining stock trade ideas. JJC- Shortly after hitting the first profit target, JJC experienced a reaction, as expected, although that pullback was unusually deep with JJC exceeding the suggested stop of 26.25 on what appears to be a [...]
MYL could be taken as an aggressive long here towards the bottom of the wedge pattern or the more conventional entry on a break above the top of the wedge. Levels shown are the actual resistance levels/price targets (un-adjusted for optimal fills). As the number of long trade ideas on the site is lower than usual, I am going to add MYL as an Active Long Trade here while trading near the bottom of the wedge but note that this should be considered an aggressive, counter-trend trade as MYL is firmly entrenched in a bear market along with the rest of [...]