Stock Chart Analysis OSIP

Posted by downtowntrader | 11/26/2007 09:41:00 PM | 1 comments »

Stock Chart Analysis OSIP

OSI Pharmaceuticals, Inc. (Public, NASDAQ:OSIP)

Finding a bullish chart in the recent mess we call the markets recently, is much like finding an oasis in the middle of the desert. OSIP stuck out like a sore thumb tonight as I was wading through one bearish engulfing pattern after another. OSIP looks like it is trying to break out of a bull flag consolidation which is no small feat on a day like today. OSIP may also benefit from some publicity with Lazard and Piper Jaffrey hosting Health Conferences the next two days and an Analyst day following on Thursday. Keep an eye on the $40 level as a floor.

Good Trading,


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