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Exelixis (EXEL) Bull Wedge Ahead of Key Data

Exelixis (EXEL) Bull Wedge Ahead of Key Data

by | Feb 2, 2022 | Chart SetUps

Exelixis (EXEL) shares hitting the ‘ready to run’ scan today with shares sitting just below the top of February value and a multi-week breakout. A move above $18.50 clears a pullback trend, as well, with upside to $19.25 and then into a big volume gap from November that reaches back to $21.50. Momentum is starting to inflect higher with MACD close to a bullish reversal and RSI in a strong trend. EXEL has seen a lot of bullish flow recently including buyers of 2000 August $19 and $20 calls.