SSS - JAZZ Late-Stage Failed-Base LSFB) Set-Up
Jazz Pharmaceuticals is teetering at its 50-dma after a high-volume reversal yesterday. This is starting to shape up as a potential late-stage failed-base short-sale set-up, and a breach of the 50-dma is a clear short-sale signal, although one could take an initial position here in anticipation of such a break, with the idea of getting more aggressive if the break is confirmed. Use a standard 3-5% upside stop to keep risk under control. For purposes of fair disclosure, we are working a position in JAZZ currently, and may be in and out of it depending on how the situation pans out.
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