This stock has been trending higher hugging the 50 day moving average after its very bullish move in June that came with max green BOP that held the entire month almost. That showed that this medical stock had more strength underneath than what was on the surface. I bougt it recently off the bounce, post-breakout, and with it having a very bullish candlestick pattern today with a nice tail, higher volume, and BOP that climbed just a tad bit today definitely made this stock an easy add over buying anything new around the 50 day moving average. I expect at least a 50% move in this very pretty chart in a hot medical field (the only “hot” area of the market). If it fails well we only have something like a 6% drop to let us know. High reward and low risk. Now these are the kind of longs I like. This is an easy decision to make, for me.
adding to existing speculative long positions
PCYC is bouncing right off the 50 day moving average putting in a very bullish candlestick pattern with a bullish tail to it, on strong volume. Cut your final loss with close below the 50 day moving average, if the stock does not move higher immediately
