I’ve been following Alkermes (ALKS) for almost a month now waiting for it to breakout. Today we finally got that, but the key for this stock is that it manages to close above the 200-day moving average, which has been a beast for it to break above, at $12.68.
Also adding to the ALKS intrigue is the huge gap between the current price level and $14.50, which is setting up to be filled. While I never hinge my hopes and dreams on any one stock, no matter how good the setup is, I do believe there is a very strong edge trading ALKS.
Here’s the chart on ALKS.
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