Really nice breakout and pullback to breakout level with strong follow through, up 7% today. PDUFAs aside, market is saying it likes this stock. I am not in this stock currently, but it is a top 3 priority add on a broader market pullback. Long term consolidation is clear, breakout is clear, I like it. Keeping a close eye.
Weekly chart looks great, will see $100 easily
@tom3kk, stock has broken out of channel, pulled back to support at breakout level and looks like it will run up higher from here. I think it could see $90 before the PDUFA on 6/18 which could bring a continuation higher or a sell the news event. Just my opinion. If it were me I'd play the run up prior to the announcement, i'd buy it here and look for 10% - 20% in profit