Stock Chart Analysis AVNR

Posted by downtowntrader | 9/04/2007 09:14:00 PM | 0 comments »

Stock Chart Analysis AVNR

AVANIR Pharmaceuticals (Public, NASDAQ:AVNR)

AVNR has been pulling into a huge bullish gap for about 4 months now. It looks like it may be ready to turn higher after clearing a downtrend line drawn over recent highs. There are a few ways to draw this line and each is showing AVNR breaking above it. While it may back and fill a little, it's looking like a bottom is in. It would be nice if more volume would come in, and ideally, the 20 and 50 sma will serve as support moving forward.

Good Trading,


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