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The_Patterns_Guy

EXAS breaking down from big move

Short
Exact Sciences Corporation (NASDAQ:EXAS)  
The_Patterns_Guy  
NASDAQ:EXAS   Exact Sciences Corporation
Trend Analysis Chart Patterns
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If your in EXAS, I would go ahead and get out. It powered out of a nice rounding bottom to blast towards an unsustainable rate of ascent. On the daily chart it looks like it formed an eve and adam double top. Its formation is however, a little messy. I would cut gains and hope for a re-entry bounce at support. If you want to stay and wait, i would suggest raising your stops.


Weekly MACD pointing down and rate of ascent broken.
snapshot

Monthly Stoch RSI breaking down.
snapshot

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