Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Is Akorn Diving Again?

|Includes:Akorn, Inc. (AKRX)

For years Akorn went in one direction UP. They went up so far and fast that they shot above the upper parallel of the median line. Recently prices came back down to the upper parallel and now the next target is the red median line. This would result in a price of about $8 later this year.

(click to enlarge)Click to enlarge

Disclosure: I am short AKRX.

Stocks: AKRX