Albany Molecular Research
One stock that's quickly moving within range of triggering a big breakout trade is Albany Molecular Research (AMRI), a contract research and manufacturing organization providing customers drug discovery, development and manufacturing services. This stock has been on fire so far in 2013, with shares up sharply by 131%.
If you take a look at the chart for Albany Molecular Research, you'll notice that this stock has been trending sideways for the last two months, with shares moving between $9.95 on the downside and $12.50 on the upside. Shares of AMRI have just recently started to bounce higher off its 50-day moving average at $11.12 a share and are now quickly moving within range of triggering a big breakout trade, which will hit if AMRI manages to take out the upper end of its recent sideways trading chart pattern.
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