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andrew.berg
May 7, 2014 3:09 PM

ACAD bear flag breakdown Short

ACADIA Pharmaceuticals Inc.NASDAQ

Description

ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance.

Today ACAD triggered ENTRY short below consolidation support at 19.00ish area.
TARGET is April's low at $15.58
STOPs above 21 moving average
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