is currently trading near a downtrend resistance line with earnings
next tuesday. 9 out of the last ten earnings
reports have seen positive moves upward or at least traded flat a week or two after the release. Increasing fundamental indicators as well as a recent approval for a generic drug, a month ago, in July contributed to the recent reversal of the downtrend. The company is up 70% from its low in April
but is still down 32% from its price last August. Positive earnings
may support a longer upward move.