CELG Breakout
By Johns Wu on Jun 22, 2006
CELG, Celgene Corporation, has been one of the best performing stocks all year, and it is continuing to soar. Today CELG broke out to all time highs!
The consolidation and compression that has been going on in the last few months is very healthy.
One thing I should point out is that there was not much volume on today's breakout, and not really a clear confirmation on the OBV. Nevertheless, keep this on your watchlist because the overall market sentiment on CELG is pretty bullish.
This entry was posted on Thursday, June 22nd, 2006 at 8:26 pm and is filed under Annotated Analysis.
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2 Responses to “CELG Breakout”
By Anonymous on June 23rd, 2006 at 4:53 pm
I can’t believe this stock isn’t $70 a share yet. The pipeline is mind boggling, and wall street analysts are very very conservative in their estimates. This stock is a must buy!!
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CELG is going to keep motoring. Do some DD and you’ll understand why this stock is set for more impressive apprciation. Link here to read solid info on this company:
http://finance.groups.yahoo.com/group/thecelgeneclub/message/1?l=1
Good luck!