Thursday, June 23, 2005

Kyphon Breakout

A stock I have been following for a while - Kyphon (ticker KYPH) broke out of a saucer pattern in a big way today. This saucer has been shaping up for a while, but it got the push through that it needed due to a favorable patent ruling.

There are a number of things in favor of this stock moving higher: one, the breakout from a saucer pattern; two, it did so on enormous volume; and three, it reached a lifetime high. KYPH is definitely a stock worth watching!

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