Acadia Pharmaceuticals (ACAD) broke out of a nice flag formation yesterday on strong volume. The biotech stock is still in negative earnings and nearly non-existent sales. However, it does have a number of drugs in its pipeline and did have three powerful gap ups over the last six months. Industry group is ranked 6th. Given that it is a biotech with no earnings, risk is higher here so position size accordingly.
PPR - ACAD
|Published:||21 May 2013 12:38 ET|
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