Saturday, July 26, 2008

ACOR - Darvas Box entry

ACOR - Nasdaq.  Acorda Therapeutics has formed a Darvas box entry at a new high following a large expansion in volume.  Rising OBV shows us the buyers are in control of this stock.  A breakout of the top of the box ($33.00) would constitute a valid entry.  A tight Darvas stoploss should be placed just below the $29.00 and raised up after a valid breakout occurs.

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