Ebola

This morning, WHO described ebola as a public health emergency.  They expect it to be an issue for many months.  I hope it plays out as well as possible, but no doubt there will be interest in some potential plays.

One of the few public stocks with an ebola solution in trials is this BCRX. What I like more is this chart is a beauty.  

Technically it's shaped up for months after forming a cup with handle and more recently a head and shoulders bottom on the daily chart.  On today's news the stock broke over that level.

Looking on a much larger timeframe we can see the level it just broke has been major resistance dating back to 2006. 

Today's move has created a gap.  The rest of today's action is key.

Now you can definitely say it's strecthed and you don't want to buy a gap up and hope.  That makes a lot of sense.

Another play is KANG.  It's a recent IPO with a very tight float.  They describe themselves as a leading preventive health services company in China.  This chart is just a great setup, with a nice trend.

We have a clear risk level below this base, and the 50D is nearby.  What more could a swing trader want?

I'm long BCRX and am considering long KANG on a clear breakout as well.

Trade 'em well!

Any questions?  feel free to contact me (deets on the about page) or on twitter/stocktwits