Eye On Jazz Pharma As It Approaches Horizontal Resistance At 190.5
Sinisa Persic, CMT | Apr 27, 2015 02:42AM ET
Jazz Pharmaceuticals (NASDAQ:JAZZ) is approaching horizontal resistance at 190.5 that has contained prices on two occasions in the last two months, the stock is in an up trend with higher lows and is putting pressure on that resistance, a break of which could lead to 195 on the short term. Trading strategy: entry on a breakout confirmation at 190.5 with 192.9 as a 1st target for partial profit and stop adjustment from initial stop level at 185.9 to break even, main target at 195.9.
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