19th day of $QQQ short term up-trend; $AGIO still rocks

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On September 25, I posted that AGIO had had a green line break-out on above average volume. Take a look at what AGIO did on Wednesday, up 14.5% on huge volume!

AGIO11192014Could the buyers of AGIO   in late September anticipate the great news released on Tuesday evening?

 

 

4 thoughts on “19th day of $QQQ short term up-trend; $AGIO still rocks”

  1. For every stock such as AGIO, there is another which had a similar green line breakout in the recent past and has since not regained the highs or even sold off 10-20%.

    The question ‘could buyers have anticipated the great news’ over emphasizes green line breakouts and trivializes inherent risk in picking winning stocks.

    Besides AGIO recently had a big down day that triggered many stops and would have been very difficult to hold through for the very momo traders such new high breakouts attract.

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