EXACT Sciences Shows Strong Breakout - trackseekingalpha

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EXACT Sciences Shows Strong Breakout
May 03, 2009 09:47 AM UTC

trackseekingalpha

Return	Risk
-11.17%	HIGH

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Symbol	Sentiment	Start	Return	Closed
EXAS	n/a
GENZ	n/a

Via Long Investment Ideas from Seeking Alpha:

The technical breakout I thought we might see in EXACT Sciences (EXAS) is now in full gear. EXACT shares are up about 70% since the last post, and over 300% off December lows. Technically, part of the bounce is simply a matter of seller exhaustion. But its a lot more than that.

Since December, EXACT Sciences received a huge cash infusion from Genzyme (GENZ), upgraded its management team, and regained Nasdaq compliance.

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