"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

November 05, 2014

A biotech spec in genomics

AFFX is an interesting genomics company.  They don't have gangbusters growth yet, but they do have one segment growing quickly.  Who knows if they grow up and reach their full potential, but this chart is a beauty on a longer timeframe.  


As we can see this huge continuation pattern comes after making higher lows and breaking a 4 year falling channel.  This is one of the types of setup I work for.  I can see this stock in the mid teens by the time spring rolls around.  Maybe we get a pullback or some consolidation at these old highs first. who knows.  


Trade 'em well!

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All ideas shown on this blog represent the authors opinion based on the data available.