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ACAD bear flag breakdown
ACADIA Pharmaceuticals Inc.
Short
ACAD bear flag breakdown
By andrew.berg
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May 7, 2014
0
May 7, 2014
ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance.
Today ACAD triggered ENTRY short below consolidation support at 19.00ish area.
TARGET is April's low at $15.58
STOPs above 21 moving average
Bearish Flag
break
breakdown
breakout
FLAG
trend
andrew.berg
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