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ADPT

Started by David Randolph, May 23, 2005, 08:18:22 AM

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soxguy

hello, am i the only one still in this? today was another positive session. a mention in barrons over the weekend as a long term winner didn't hurt. as always, we shall see.   soxguy

Amarens

Sold today @ $ 4,70. Needed the cash for some other plays. Otherwise I would not have sold because it was stil above my TL . 17% profit is not bad though  ;).

Good luck to those holding.

Amarens

ScottishTrader

Has anyone been watching ADPT lately?

In need of a rebound it was, but David was right on the money on this one when he said it was a bullish new trend - that was at the end of October and ADPT has gone up over 50% from then :o

After a bit of in range consolidation, it has broken out to new highs in the last week or so - and no-one seems to have noticed (not even me and it sits on my stock monitor every day ::)

I think this could be a good play here  Last trade was at 6.63, and made a 52 week high today, having broken through key resistance at 6.00 and now filled an old gap from the beginning of 2005.  The 2 year chart suggests it may be getting into trickier stuff now, with a descending trendline coming into play, as well as resistance at around 6.60, 7.30, 8.00, and then 8.50, but if it pushes through here, it should have more steam in the tank.

I would be looking for it to continue its upward move, with a logical stop set at 6.25, the top of the recent channel.  that would be almost a 6% risk, but ADPT looks set to continue its move on strength.

What do you guys think?

pinoleropuro