2waytrading
Long

Classic Bullish Signal within A tough market

NASDAQ:AMRI   AMRI
95 0 2
AMRI             reported 2nd quarter 2014 earnings of $0.22 per share on August 5, 2014. This beat the $0.20 consensus of the 2 analysts covering the company. The price gaped up with above average volume in tough market. The earning beat was overshadowed by the weakness of the market at the time, and remained in the tight range last few weeks. Last week price started moving higher and opened today above previous close lingering near March high 20.55 area. Price cleared the descending trend-line and what looks symmetrical continuation bullish triangle that has a target price of $23.6 area. The stock deserves to be monitored closely in the event market bounces from current sell off. If you decide to take a position make your stop loss at recent swing low at and around 18.80 area. If you want a real time alerts http://www.2waytrading.com
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