Triple Top Breakouts Featuring Market Mover Myriad Genetics Inc. (MYGN), article by TwinTrader.com
Dallas, TX -- (ReleaseWire) -- 07/07/2008 -- TwinTrader.com announces the publication of Breakout for MYGN; highlighting public companies on the move and what’s behind the surge.
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“Myriad Genetics Inc., a biotechnology company, engages in the development and marketing of therapeutic and molecular diagnostic products. The company offers molecular diagnostic products comprising BRACAnalysis for assessing a woman's risk for breast and ovarian cancer; COLARIS for determining a person's risk of developing colorectal cancer or uterine cancer; COLARIS AP for assessing a person's risk of developing colon cancer; MELARIS for determining a person's risk of developing melanoma; and THERAGUIDE 5-FU for assessing a patient's risk of developing 5-FU toxicity…
“MYGN’s phase III trial of Flurizan in mild Alzheimer’s disease will likely not succeed, but the company’s other drugs appear to hold a lot of promise for blockbuster future revenues. The bad news appears to have been already discounted as the stock broke through resistance creating a huge short squeeze after J.P Morgan recommended the stock…
“The stock chart clearly indicates a sharp reversal from the March lows of $35. After breaking through the $45 level, the stock tested its support and held. Huge action to the upside was evident on July 1, not only confirming support but also breaking out to new highs, all in one day...”
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