2waytrading

5% Upside Opportunity or Short Opportunity

NYSE:MNK   MALLINCKRODT PUB LTD CO
87 0 2
The stock is up 65% YTD and it out performed its peers. It seems price wants to go higher. Recent bearish price reversal did not materialize. Sept 4th and 5th was a show of force from BEARS but failed to show follow through lower. Chart watchers and technicians knew previous overhead resistance was an opportunity to re-enter and it indeed proved so. That resistance is now support and if it breaks expect price to move quickly back recent breakout level entry 75.8 provided it violated the solid support at 82.61 area. If you need real time alerts try us http://www.2waytrading.com
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