Pharmaceutical stock is breaking out from near 52-week low.

1) Its industry is weak. However, such stocks can move on individual strength. Also, the industry weakness is reflected in the stock being near the 52-week low.

2) 16.5% above the 52-week low.

3) The stock is up by 2.6% today (~2 PM EST). 

4) 41 stocks in its peer group are up, 30 are down.

5) Undervalued.

6) Short squeeze potential.

7) The weekly Backdrop color is bullish for four weeks now. The current week's candle shape and color both are bullish.

8) The daily is breaking out of Memory trendline resistance.

9) Coming out of Price Extreme/Pendulum low.

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

CUE Elite
CUE Global & CUE Finder
CUE Edge, Vital, Index
Metastock Software (One-Time)
Metastock Data/Subscription
Data Region