Possible short term breakout and buy in opportunity for Sage Therapeutics. This could be bull trap which would result in a short term loss of capital, but still a highly undervalued stock at its current price. Buy.
Like this look of the hourly chart here on the pullback following the PPD test results rally.
Sage has gapped up on news and this is a good gap and go candidate watch for a break higher or a retrace and bounce look to trade stock here off of that or even options. It is a more volatile stock so have to have stomach for that
Broke the descending trend line couple of days back. Hit the top of bollinger bands and horizontal resistance and reversed. Above 54.50 definite breakout out of all the channels, best would be to consolidate between today's low and 54.30 for a few sessions and the break the resistance of 54.50 with some volume. Surely on the watchlist , can go long with today's...