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Maxygen Inc MAXY



NDAQ:MAXY - Post by User

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Post by pro_traderon Nov 23, 2008 5:47pm
609 Views
Post# 15605088

Poised for a breakout

Poised for a breakoutAfter a three week consolidation, shares of MAXY are attempting to breakout from their trading range. The expanding volume and stochastics crossover from above the 50 line suggests further upside potential.  After several futile attempts by the bears to knock this stock back below its 50 day moving average, it has held up nicely as looks poised to take a run towards the 200 day moving average. hares should be purchased on any weakness.
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