XON: Price Finally Broke The Downtrend Line

 | Feb 03, 2016 03:42AM ET

Intrexon Corpn (N:XON) has just confirmed the breakout of the downtrend line that has been in place since August last year. The recent increase in trading volume and the rising OBV suggests buyers are accumulating the stock. If the Bulls are able to push through the 32.75 level, there will be a strong rally towards $36. I'm currently accumulating the stock.