gingerheadtrader

RGEN breakout to new highs

Long
NASDAQ:RGEN   Repligen Corporation
RGEN is showing strong signs of a breakout to new highs. The most interesting point of confirmation for this trade for me is that the RSI resistance line which was established in late June, is now acting as support. Overall the volume is a little low for me to go into a trade, but I might change my mind depending on how strong the confirmation becomes of this breakout.