marketinsider

ENZ Showing Bullish Flag With Strong Fundamentals

Long
NYSE:ENZ   Enzo Biochem, Inc
Enzo Biochem has been in a strong uptrend since mid-2015 and has solid fundamentals to boot. More recently, the stock has been digesting its big gains in a consolidation flag pattern and is poised to break out to the upside within the next week or two. We want to be long ENZ , **IF AND ONLY IF** it breaks the upper resistance line of the flag pattern . Our short term target is $12.50 with room to head up to $16 if you let it ride.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.