This one is awkward; it looks as if Genentech has bottomed-out over the past month creating a Triple Bottom. The immediate resistance and 50-day moving average seems breached. However, the main seven month downtrend seems intact. Furthermore, the on balance volume indicates that money is flowing out. A firm break and close above say $83.50 should see this test the 200-day moving average around $87-$88. Otherwise, a selloff at $83. Cross-post: http://www.thebulltrader.com/forums/index.php?topic=169.0
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