EJAgas

AKRX - What's Next EOD 4/21/15

NASDAQ:AKRX   AKORN INC
21 0 0
Background

I really like the price action strength today. It traded higher than the previous high established on February 27th. Strength despite the lazy day the overall market had today is usually a good sign. Though we did get above average volume it was less than what I would need to feel like buyers are all-in fully committed.

The Idea

This is what I'd like to see in the coming days in order for me to go long...
  • Price pullback a little bit - could be one day or multi-day pullback
  • After pullback, price resumes upside movement with significant above average volume
  • Market as a whole ideally moving higher if the two points above happen; if it goes sideways this is fine too

I really want to see buying pressure come in strong - today could be the front edge of that front.
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