How to Double Your Money on 3 Top Biotech Stocks
by John Lansing 09/03/09
Free Trading Guides
3 Best-in-Breed Biotech Plays
The three stocks I think are the best plays at this stage in the rally are the best in breed in the biotech sector.
Here are the charts and a short description of each pattern the stock is in:
Amgen (AMGN)
AMGN broke the weekly downtrend line and is now forming a bullish weekly pennant or flag. I expect the rally to resume when the back-test is complete on this weekly downtrend line break.
Buy the AMGN Jan 65 Calls (YAAAM). The target is $6, which will give you more than a double on this trade.
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