The explosive biotech stock you must add to your focus list

Swing traders know that biotech has been the sector leading the market.  My favorite biotech stock right now is CEMP.

The keys to a great momentum stock are volume and price action. Volume has been pouring into the stock early October breakout.  Each new breakout has been followed by strong volume and low volume pullbacks.  These pullbacks show strong price action, with each breakout forming a trading range or box followed by a new breakout.

The new breakout forms a new box.  Let’s watch for a new range to develop and then buy the bottom of the range.


If you would like to learn more about how I trade, receive my nightly focus list with market analysis,setups and trade alerts, sign up for a 7 day free trial at BullsonWallStreet.com.  

If you like this article, follow me on twitter

2 thoughts on “The explosive biotech stock you must add to your focus list

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: