APPX - Darvas Box

APPX - Nasdaq.  APP Pharmaceuticals, Inc. has formed a Darvas box at new yearly high.  On-Balance Volume (OBV) has been rising since the beginning of the year.  This suggests the stock is being accumulated.  A breakout of the top of the box ($17.00) would signal an entry into the stock.  When trading the Darvas Method, a stoploss should be automatically placed just under the bottom of the box, in this case, a tick or two under $15.50 to protect the position.