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jmalone1224
May 30, 2013 8:06 PM

Orex Wedge Short

Description

OREX is bio-med stock under $10 poised for good growth in the future. The company is doing good things internally, and is on the brink of breaking out. I've been keeping a watch on the volume of OREX recently, along with the Stoch. and RSI. I'd give OREX another 9-11 trading days until you see long above resistance with enough volume to climb. But, the setup is looking pretty sweet right now. MACD should be in a good, positive spot, and Stochastics should be making its turn upward, by the time OREX hits the vertex (or node) of the wedge. Make your own luck. Happy Trading
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