Blog Archives

RPRX Poised for Possible Upside Breakout

RPRX, a highly speculative biotech stock that I have mentioned on a previous occasion appears to be at an important juncture.  The juncture is the 6.50 price level which it needs to fully exceed (preferably with a full price bar above the level) to consider it a breakout.

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Posted in Biotech Stocks
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RPRX Projects to a Possible 13.64 Eventual Target

RPRX Repros Therapeutics Inc. is a highly volatile and speculative biotech stock that currently has a projection of 13.64 based on the 38.2% Fibo retracement it did from the rally that began in December 2010.

RPRX had a nice move from the bottom of its narrow trading range today and has to make a key decision soon on whether it wants to bust out north of the trading range or struggle again and fall back inside the narrow trading range.

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Posted in Biotech Stocks, Stock Picks, Stock Setups
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EXAS Exact Sciences also Looking for a Northward Breakout

EXAS or Exact Sciences is another biotech that looks like it wants to bust north soon.  Again at the risk sounding too repetitive, the biotechs are marching along higher despite the recent destruction in the major indices.

This is a positive sign for the group and can allow them to be leaders when the market trend turns back up again.

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Posted in Biotech Stocks, Stock Setups
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REGN Retested the year 2000 High

REGN is a biotech currently on a huge momentum run.  Yesterday it blasted higher in a sign of strength above its year 2000 all time high on record volume.  Today it pulled back in the form of a hammer and tested the 2000 high. 

REGN may be worth watching as an extreme momentum type stock. 

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Posted in Biotech Stocks
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AFFX Another Possible Big Pattern Trade

A very clever comment poster here at BestOnlineTrades named ‘JR’ has brought to my attention the AFFX price chart and I decided to take a closer look.

The longer term monthly candlestick chart of AFFX looks attractive enough to me for me to call it another ‘big pattern trade’. 

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Posted in Biotech Stocks
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Amarin Corporation plc AMRN a Lost Opportunity

AMRN came up in one of my metastock scans a week or two ago and I failed to act on it.  It was actually a cup and handle scan and it also pulled up DBLE which I am currently long in.

It is unfortunate that I did not do a posting on AMRN as I look at the chart now it was maybe one of the best trading setups I have seen a long time. 

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Posted in Biotech Stocks
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Viking Systems Inc VKNG Breaks Out 60 Percent Today

I first mentioned Viking Systems Inc VKNG at BestOnlineTrades way back on August 9th and 11th, 2010 (seems like eons ago 🙂 ).   At that time this penny stock which trades on the OTC BB was trading in the .30 cent range.  Today Viking Systems Inc came out with news and the stock closed near the highs on a huge surge in volume. 

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Posted in Biotech Stocks, Stock Picks
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Viking Systems Inc VKNG Still Looks Very Strong

Despite the recent market index weakness I continue to like very much the strength in VKNG or Viking Systems Inc. The SPY was down almost 3 percent today and yet VKNG managed to trade slightly higher on the day printing a doji indecision candlestick.

This is a classic example of how we are always dealing with a market of individual stocks that tend to have their own personalities. 

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Posted in Biotech Stocks, Stock Setups
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Viking Systems Inc VKNG looks like an Outstanding Position Trade

The more I think about the most probable trading setups, the more I think that position trading is probably the most potentially profitable way to go because it allows you to participate in trends and ‘ride the bull’ so to speak instead of constantly pulling your hair out worrying about every little price tick.

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Posted in Biotech Stocks, Long Term Trading, Penny Stocks, Position Trading
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Went Long NBIX Neurocrine Biosciences Inc Today

I went long Neurocrine Biosciences, Inc today at 6.07 with a protective stop at 5.70.  I was going to wait for a retest after a breakout but the robust volume today (so far at least) and the push forward into the 6 range combined with favorable oscillators and other factors made me take the plunge today.

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Posted in Biotech Stocks, Stock Picks, Stock Setups
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