Aug. 20 at 3:26 AM
WED 8/19:
$URGN – BUYING (1/3) @
$50.40
3:44 PM – Initiating a 1/3 position in this Biotech stock near the close as shares display several bullish technical characteristics: (1) trading higher from near the 10 DMA, (2) breaking out above the ROUND-
$50 level, and (3) trading on a massive 200% increase in volume. I cannot ignore this combination of bullish price-and-volume action, so I’m taking an initial position here.
James’ Trader’s Tip: When the Evidence Stacks Up, Pay Attention
• Advancing from the 10 DMA provides an initial sign of technical strength.
• Breaking through a key resistance level adds further confirmation.
• When those signals are accompanied by a massive increase in volume, the stock is clearly demanding attention.
https://buyingbreakouts.com/wed-8-19-urgn-buying-1-3-50-40/