Pharmie PRCS and ENDP
PRCS and ENDP both in "breakout" watch here. If PRCS breaks 7 we could tackle 8 and start to look at higher prices. I don't particularly like the volume here either, even though the stock was nice today. What they need is some adrenaline boost like IBPI (propelling their drugs to the fast track would do nicely!) got so they shoot up. Note just that CLIMACTIC VOLUME breakout on a WRB (wide range bar) was the reason we chose BONZ, ANPI, THOR as the best indicator for a BIG MOVE. (Note that TNOX volume is also still weak possibly because biotechs have not soared with the reckless abandon of the pharmaceuticals)
ENDP should break 18.70 for that move to back to 20. As far as holding those and just waiting, I wouldn't just yet. They might both retrace here (I saw that doji) today and ENDP might be another BONZ here. If that doji is taken out to upside, with increased volume AND a WRB, who knows we might end up. Volume in ENDP is unimpressive (I would like to see to least 850,000 to 1,000,000 to see climactic buying)Still trading below the average 50-day volume.
