Date: 05/29/2009
Symbol: SEPR
Company Profile: Sepracor Inc., a research-based pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceutical products.
Sector: Healthcare
Industry: Drug Manufacturers - Other
Trading Strategy:
SEPR forming monthly reversal pattern )phoenix) and that is main interest on this chart. We can see that every try that SEPR break 10sma resistance area (brown line) failed and move SEPR to new low. This time is different. After SEPR reached low (note that was also CCI divergence setup), bounced and this time SEPR consolidate under 10sma what suggest for breakup up. Every consolidation under resistance area increase odds for break above it. That is what I will watch for SEPR. Next resistance is 20sma as first resistance area, but I will watch for new trend and that will depends on pace and volume.
If anyone will have any question feels free top contact me.
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