MichaelGLamothe
Long

ANIP breaking out of a 1st stage cup w/ handle

NASDAQ:ANIP   ANI PHARMACEUTICALS INC
7 0 2
$ANIP broke out of a 1st stage cup with handle base. The advanced pivot was at 63.19 and the classic pivot was at 65.46. $ANIP appeared on this weekend’s Ready List with a ChartYourTrade.com Stock Evaluation Guide score of 8.9. Here is an excerpt from this weekend’s analysis:

BASE TYPE = 1st stage cup w/ handle
CLASSIC PIVOT = 65.46
ADVANCED PIVOT(s) = 64.38, 63.19
SUPPORT = 58.52, 50dma

NOTES: The base is 1st stage because it undercut the prior 4th stage double bottom, thus resetting the count. ANIP             received support at the 200dma. Volume has been building on the right side of the base, best viewed on the weekly chart

POINTS (+/-)
Trades less than 300k avg shares/day (-.2)
1st or 2nd Stage Base (-0)
Formed mostly below 10wk (-.5)
ROE below 17% (-.1)
Decelerating sales (2 quarters or more) (-.25)
Group Rank 1-40 (-0)
No top funds (-.05)
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