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

OREX Is In The Way

|Includes:Orexigen Therapeutics, Inc. (OREX)

Last week, we saw the confirmation of the new wave that Orex is starting. Our goal is the horizontal red line and we want to break this line in a rotundity way. All technicals are showing the path: RSI, MACD, KDJ,..., the goal is $6.6x

In the image below you can see the graph and the indicators:

(click to enlarge)Click to enlarge

It is very possible, this summer we'll swim in 7's area.

Disclosure: I am long OREX.

Stocks: OREX