Elan Corporation, plc (ADR) [[ELN]] printed an intraday high of $11.74 at 11:15 ET, after closing at $9.93 on Friday, so there is a bit of a dead cat bounce this morning and a good possibility that this stock is in the midst of confirming a reversal.
My basis in Elan Corporation, plc (ADR) [[ELN]] is $10.33, and I have moved my stop up to there.
Developing………
Disclaimer: This stock is for experienced navigators only. Trade with tempests and peril in mind.
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