scorpious
Long

cup and handle on AMAG

NASDAQ:AMAG   AMAG PHARMACEUTICS INC
Here is what I think is happening.

AMAG is in a cup and handle pattern, with the initial handle under formation.


1. Its currently short term over sold.
2. gradual reduction in volume over the last few days since the rebound, though I would like the volume drop further.
3. price might be in the range between 24-25, if the bullish trend continues..

- cheers
Scorp
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