OREX - Orexigen Therapeutics
Riding on ARNA's FDA approval coattails, OREX cranked out another winning day, closing just shy of the high of the day. Might we see a dip/bounce scenario tomorrow or another move up the charts? That's the question on everyone's mind. The answer is: Trade it on morning strength, or buy the dip on morning weakness. If there's weakness, look for $5.50 or $5.12 as likely bounce points to trade from, otherwise keep a close eye and don't be afraid to take profits on the way up.
HZNP - Horizon Pharma
HZNP continues northwards with another solid day, closing up nearly 8%, just shy of the high of the day. Look for $7.05 to be the key marker if we open strong tomorrow, otherwise we could see a drop below $6.50, offering another great entry point.
FLOW - Flow Intl
Beating expectations for Q4 saw FLOW gap up to $3.34 before cooling down to close at $3.14. Keep watch tomorrow as morning strength could see this retest that $3.34 high, otherwise look for a possible gap fill buy zone around the $2.90-$3 area.