Breaking The Cup

While it is true that the majority of our analysts profile intraday and swing
type trading setups, when we find interesting setups for the position and
intermediate-term player we make sure that we broadcast them over the Insights
From The War Room
as well.

One of our setups alerted on Friday is continuing to follow through, Enzon,
Inc.
(
ENZN |
Quote |
Chart |
News |
PowerRating)
.

 

15:47:24

 Enzon (ENZN)
is breaking out of an 11-week cup and handle in today’s session.
ENZN is now
up 2.48 to 67.97 and holds a 3-month
relative strength rating of 84
from TradingMarkets.com.

 

 

Enzon has gained more than 8 points since the breakout, and
has cleared all previous areas of resistance, appearing to be headed for a
retest of the all-time high of 84.12 set back in November of 2000. The stock has
a rising 3-month
relative strength rating of 86
from TradingMarkets.com, up from 84 on the
day it was profiled.

TradersWire has tools
to benefit all traders, and you can take advantage of them, regardless of your
style of trading or time frame.

Until tomorrow,

Duke

P.S. From the be-careful-what-you-wish-for department, I did win my bet with
my copy editor Jason, as my Avs managed to beat his Blues by winning Game 5 of
the Western Conference Finals last night. Now it appears they will be facing
that buzzsaw by the name of the New Jersey Devils. Whoops. Go Penguins!!!!!!!