MichaelGLamothe
Long

2nd appearance on Shooting Stars in the past 2 days

NYSE:LCI   LANNETT CO INC
51 0 1
Stocks which make big gains on heavy volume point to institutional activity and are therefore worthy of our attention! ChartYourTrade’s “Shooting Stars” are the top 3 stocks that advanced the most on heavy volume from our current UNIVERSE list.

This is LCI’s 2nd straight appearance on Shooting Stars. It is presently working on a 4th stage cup-shaped base with a classic pivot at $59. 44             . An advanced pivot can be seen at 50.97. LCI             poked its nose above the advanced pivot today briefly before retreating. It is presently receiving support around its 10ema.

Though it doesn’t fit the classic definition, the broader pattern (beginning from March 2014) has the essence of an ascending base with 3 major higher highs and 3 major lower highs. Typically an ascending base is defined as no longer than 16 weeks.

See all the stocks that made ChartYourTrade's Shooting Stars on 1/27 by clicking here: http://chartyourtrade.com/2015/01/shooting-stars-01272015-simo-lci-uve/
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