ARYK0

STML Flag into Uptrend

NASDAQ:STML   STEMLINE THERAPEUTICS INC
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STML has a gap to cover from 9.06 - 9.54, it was uptrending and then formed a flag at the 1/3 line, if it breaks out into an uptrend I imagine it will see resistance at the 2/3 line. Parabolic SAR and RSI both confirm that it's not overbought. Today it saw an outside bar that was much wider than the previous bar, encompassed the trading range of the previous 3 bars, the rally preceding the bar was sharp, volume was greater today than the previous 3 days, and price today closed only 5 cents away from the high of the day. These characteristics of the outside bar confirm its significance. I believe this is the beginning of a short term uptrend.
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