Another one of those Pharma companies which was in the wars over the past 1 year..the management has made many mis-steps and lost focus..leading to losses. All the attention shifted to its biologic business. THe RSI now had a divergence and the follow thru days show that there could be a bottoming out here.
The stoploss here is 290 and its deep..but this is a high risk high returns kind of play. Long above 333 (Trendline breakout) and double over 370. (200EMA crossover)
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