JAZZ trade ideas
$JAZZ's Recent 3-Months Breakout Faces Early problems Yesterday's price action brings more questions to the strengths of recent breakout from July's high. Trend is up and strong but may soon come to end. Very volatile stock and price can go either way. Price appreciated almost 35% from August low, its very impressive but it may come to an halt. If price does not hold at D-level expect profit taking and shorts will be all over the stock again to take back to August low that scenario is has a small window but very likely, if price moves above 177 and volume increases, expect 189-190 area being the first rest area. If you want a real time alerts try us www.2waytrading.com
JAZZ another biotech co that looks weakNice break down of bear flag after failure above moving averages.
Stop above $139.68
Target $122.66 then we have 200 MA @ $120
