Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Rod, I've often heard about using fib retracement theory but I'm not at all familiar with it at this time. I'll get to it soon, though!
I agree with your general assessment that buying pressure continues unabated at least for now. We have been churning through the sevens like a hot knife through butter. The ~$8.00 resistance point will be a good tell. This resistance point should be breached by Friday but that remains to be seen. After that the next major resistance, IMHO, is between $9.00-9.50. I'm basing this on the price by volume indicator on the below weekly chart. There was a lot of cash tied up in HALO at that point and we'll see if those shareholders will sell at their break-even point after having endured this ugly pullback or hold for the big payoff. This approximately backs up your fib numbers if you assume these same folks will hold until they can sell for a little profit at around the $10 mark.

Good luck!
-Fritz