UTHR - Breakout from consolidation.

BATS:UTHR   United Therapeutics Corporation
After coming through with a spectacular FDA decision on one of their key drugs, United Therapeutics promptly was lifted 30%. After a well defined consolidation the stock looks like it can be bought again. Reclaimed the 8 dma, rebounded from oversold, and broke its downward channel from previous all-time high of $116.29.This could take off fast into the coming week so I don't think your time horizon needs to be very far out.

Levels to watch: $112.64, $115, $116.29

I am in the Jan $115 calls for $0.50. Excellent risk/reward. I will look to take this off by Thursday morning or reduce my risk by selling Jan $120 as they should start getting bid up into strength.


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