Pharma Name Coiled in Tight Bull Pennant Formation
Jazz Pharma (JAZZ) shares coiling in a bull pennant and seeing support hold at 55 day EMA of 153 as the stock closed strong today and now nearing a breakout above a trendline and larger move above value area highs at 160. JAZZ has a nice risk reward setup here against the 150-153 zone of support for a move to 170 and longer term can see the 177 VPOC tested above here.
