$ENZ to $2.94 LONG - Monthly setup is strong3/16/23 - Enzo Biochem (ENZ) stock is rising higher on an asset sale agreement.
It’s selling its Clinical Laboratory division to Labcorp (LH).
3/20/23 - Monthly GD on MC.
8/23/23 - $3 per share.
ENZ
ENZO BIOCHEM INC - NYSE: $ENZ FlaggingLast week, ENZO BIOCHEM INC - NYSE:ENZ broke to higher ground and in the process, recaptured its 200 DMA out of a rounding bottom and now finds itself digesting/consolidating the move within a Flag pattern on lower volume as is evidenced in the Daily chart above.
In addition, ENZ is now trading above all of its important moving averages 20/50/200 DMA's and finds itself in fine technical shape.
Moving forward, both investors/traders may want to continue to monitor the action with a close eye. Specifically, should ENZ be capable of going topside of the $4.50 figure, such development would likely trigger its next advance with a primary objective in the $5-$6 zone with a secondary potential objective at $7 further down the road.
Nevertheless, investors/traders may want to put ENZ front-and-center on their radars.
ENZ GOING FOR ONE MORE WAVE UP?ENZ is making a huge spike to the upside after the strong operating results. I'm expecting more upside for this one.
