After breaking to higher ground back in June on large volume, shares of LA JOLLA PHARMACEUTICAL CO - NASDAQ:LJPC have been drifting in a sideways pattern consolidating the move in a constructive manner as we can observe from the Daily chart above.
With the stock trading above all of its important moving averages 20/50/200 DMA's, LJPC remains in decent...
LJPC had a huge jump & now seems forming a flag formation. The flag break did not occur yet, however in hourly frame we can see that it got nice base of support in the moving averages and seems getting ready for breakout. So we would like to take a speculative entry around $34 & our target would just below $42
* Trade Criteria *
Date First Found- February 28,...