BLA : Blue skies candidate
March 6, 2011 Leave a comment
BLA looks like it will breakout above 33,50 and post a fresh all-time high in the near term. The first target for a successful break is 34.50 then 35.25 to 36. The upper targets for the period after a breakout is 36.60 the 38.50 or so.
The stock has decent support at and near 30-31 now, so either buy on a brief dip or wait for the pending breakout at 33.50 and the telltale signs of strong buying – in this case probably 5m+ shares at the breakout if it is to work out.