Stock Chart Analysis VPHM

Posted by downtowntrader | 6/10/2007 07:04:00 PM | 0 comments »

Stock Chart Analysis VPHM

ViroPharma Incorporated (Public, NASDAQ:VPHM)

VPHM came up on one of my bullish scans a week or so ago, but has started to break down since then. It has actually traced out a head and shoulders top that hasn't confirmed yet. It would have to close below the neckline for it to be an actual head and shoulders top. Head and Shoulders that don't break down can actually end up as bullish patterns, as all those betting against the stock cover or buy into a rally. I would watch this closely over the next few days.

Good Trading,


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