Monday, November 12, 2012

Chart of the Day

Today's Chart of the Day is MYGN. The stock moved smartly up last week on high volume. This was followed by three days of consolidation on relatively low volume. Even the performance on these three days was impressive considering (a) the magnitude of the move on the day preceding these three days (b) how the overall market behaved during this time frame.

Anyway, the stock resumed its path upwards again today accompanied by an increase in volume. The next target would be 30.65, the close on the day the journey upwards started. Watch out for this stock in the next few days!

Take care and good luck!

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