Swing Trade Long ALXN: Entry: 65.50 Stop: 63.00 Target: 74.00

September 13th 2007

Swing Trade Long ALXN: Entry: 65.50 Stop: 63.00 Target: 74.00

Good morning!

A great day to be alive as is every day. Each day is filled with opportunity. You just need to know where to look.

Industry groups or sectors are an excellent way to find individual stocks. Today we’re going to look at Biotechnology. Judging from the industry chart, biotech stocks are already on the move.

I missed one:

and this one too:

ALXN is going to give me a shot. it looks like it is basing after forming a cup. With sides as steep as these, it’s more like a pot. But volume is decreasing as the base continues to form which is positive. I’m going to take ALXN somewhere in the 65.50’s.

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