Watch $ABEO For A Breakout To The Upside
ABEO is on my radar as a stock to watch. Recently it broke out of its consolidation range and has come back to retest. The large volume spikes (green) show likely institutional accumulation and I don't think the stock will trade much under $15.00. Watch for a "trip it to rip it" down near $15 and from there I will be looking to take a shot on the long side with some March calls. $20 strike.
Portfolio Manager, Chief Market Technician JSPMLLC.COM
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