September 4, 2008
NBIX - Nasdaq. Neurocrine Biosciences, Inc. After being smashed from it’s highs in the 70’s, this stock has bottomed out and formed a nice horizontal channel. On Balance Volume is begining to rise showing a sign of accumulation. A breakout of the 6.00 resistance would signal a technical entry into NBIX. The closure of the gap around the 10.00 level would be an ideal profit target for this trade.
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