NBIX on Friday broke out to 52Wk high and reversed a little. Still closed above the horizontal resistance line.
If it can stay abovr 56.50 in coming day or two we might have a clear breakout and can be a good time to go long with a great R/R. RSI are MACD are bullish but suggest a rest might be needed before a push higher.
$NBIX
A respected the trendline, your support is at $ 34 and resistance at $ 46 and $ 56. You enter speculatively with the trend line and / or mobile average of 200.
Price-Volume Data
Price: NBIX closed on Friday, May 29, 2015 at $43.86 per share.
Open:NBIX opened trading at a price of $42.55 per share on Friday, May 29, 2015.
High: NBIX traded at a High price of $44.49 per share on Friday, May 29, 2015.
Low: NBIX traded at a Low price of $42.48 per share on Friday, May 29, 2015.
Close: NBIX closed on Friday, May 29, 2015...
Please, check the stock's recent news, earning calender as well as other factors that may influence the price movement. This is just educational purpose. This pattern is identified when the price action of a security meets the following characteristics: First the price falls to a trough and then rises once you identify this section, check if price falls below the...
