amoo
Long

Alcobra monthly chart and HS neck-line

NASDAQ:ADHD   ALCOBRA LTD
35 0 1
Alcobra will announce the result of it's phase 3 study in 2 weeks. The monthly chart shows the pps at exactly the neckline of a head and shoulder pattern. The neckline will break to the downside with negative and to the upside with positive data read. Some people have the change in the pps in 80% range. I have given it a 60% change. Given the recent option activities and the study structure which mimics the positive P2 study, I think the data should be good, but hedging with some calls or puts would be wise!
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