AGN just charted one of my favorite set-ups: a blow-off bottom. AGN has been a big loser for almost a year now, falling from $255+ last summer to a close yesterday at 144 on two days of huge volume. I am calling a short-term bottom based on the bullish engulfing pattern. AGN should close the gap to test $153-154, and from there back to $160. Trading at $148.64 at the time I write this.
Trade closed manually:
This trade went faster than expected, and after blowing through $154 today I'm taking profits. Declining volume over the last few days indicates this bounce may be running out of steam, so rather than wait for a test of $160 I'm taking 5+% profits off the table 4 days later.