LEV PHARMACEUTICALS (fka LEVP)

[off-floor-trader]

LEVP:

If you look at the tennants of what to look for in a cup-and-handle pattern as noted in Investor's Business Daily, LEVP appears to have it: The duration of the cup is equal to the duration of the prior run up - the lesf side of the cup was became volatility in the average daily range which began to tighten and continued throughout the right side of the base and cup with increasing volume - the handle has formed in the upper 30% of the depth of the cup, the stock is above both it's 200 and 50 moving average with suggests institutional support.

Based on the 10 month consolidation of the cup the next 10-months would suggest a 3.80 target - IMO