I believe so.
Let’s start with the weekly chart:
Did you see the general long-term uptrend? However, I like to see price action takes out the Jan 11th high and close above that to confirm a continuation of uptrend after the correction from July of last year.
Now, let’s take a look at the daily chart:
Did you see the handle? While the handle is still lower than the rim of the cup, I still think the pattern is valid.
Fundamentally speaking, who doesn’t like a needle-less injection?
$ATRS announced acceptance of the OTREXUP New Drug Application (NDA) by the FDA. And the FDA has assigned a prescription drug user fee act (PDUFA) target date of October 14, 2013.
The speculation of an approval could fuel a run from here.
I bought $ATRS today looking to see a breakout from the cup and handle pattern in the next few days.
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