EXP – Flashed that first sign of an upward reversal on Friday. Looks perfectly ready for blast-off here to me. My stop point would be below Friday’s lowest trades.
AZPN – I raved about this one before Friday’s action and loved it even more as trading ended before the weekend. It has the look of a stock that wants to impress, and I have looked at one heck of a pile of charts in my career! Mental stop loss would be just under $25.50.
REGN – Biotechs attract an emotional crowd of investors, and REGN spiked big time on Friday. It certainly moved much closer to new highs but a quick look at past spurts indicates that, at best, a stabilization follows. I would do nothing with this right now. My strategy would be to demand that it show me a new 52-week high, then pull back to an upward-sloping 50-day moving average.
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