Stock Chart Analysis VNDA

Posted by downtowntrader | 7/17/2007 10:17:00 PM | 0 comments »

Stock Chart Analysis VNDA

Vanda Pharmaceuticals Inc. (Public, NASDAQ:VNDA)

VNDA continues to work on building a base after completing a pullback from a huge gap up. While VNDA could break down from this rectangle, the fact that it still recognizing the gap as bullish support may be a valuable clue. My standard warning on this stock is that it trades all screwed up intraday, but it could make a decent position trade if it can climb over this base.

Good Trading,


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