GoranTrader

Buy VSTM on break out

Long
NASDAQ:VSTM   Verastem, Inc
VSTM has been trending up for quite some time now. We can see a beautiful ascending triangle has formed and two tops have been made. VSTM has recently beaten earnings however, it only has a zacks rank of 3 (hold) so I wont be holding this for too long. The MACD is also trending downwards but it can reverse if it continues the move to the upside. Volume has also been increasing on the move to the upside which supports the move. The price of the stock is cheap yet it has solid volume . VSTM is also in the healthcare sector which has been doing very well over the past year.
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