Cancer Diagnostics Biotech Building High Tight Bull Flag
Exact Sciences (EXAS) hitting the Ready to Run scan and closed strong Thursday in a weak market as it moved back into its narrow monthly value are and above the 21 EMA near 65. Earnings later next week so time still to see a run into the report with a breakout potentially abvoe 67.50 moving to 70. A close back under 64.50 value area low would be a prudent tight stop for the biotech name coiling up in a very tight range since February and the name has a 7% short float that can fuel the squeeze higher if a breakout gets underway.