notprofessorgreen

$AZN setting up for a double bottom breakout

Long
NASDAQ:AZN   AstraZeneca PLC
$AZN is back over its 10-daily and 10-week moving averages, coming out of a double bottom base. It's ranked highly in its sector (#1) in the IBD50 list and has a composite rating of 98. Whilst not showing any strong signs of institutional accumulation, it's demonstrating good relative strength and technicals. Entry point would be a close with good volume over $67.50

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