One biotechnology player that's starting to trend within range of triggering a big breakout trade is Anacor Pharmaceuticals ( ANAC), which is engaged in the discovery, development and commercialization of novel small molecule therapeutics derived from its novel boron chemistry platform. This stock has been on fire so far in 2013, with shares up huge by 169%.
If you take a look at the chart for Anacor Pharmaceuticals, you'll notice that this stock has been uptrending strong for the last two months, with shares moving higher from its low of $9.84 to its recent high of $14.56 a share. During that uptrend, shares of ANAC have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ANAC within range of triggering a big breakout trade.
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