PCRX Daily

PCRX long setup:

• Today's bar was very impressive and closed at the high of range and broke a possible trendline
  
• The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov
  
• 20 EMA has crossed above the 50 EMA and they are both accelerating up
  

Entry above today's high at 59.36

Stop under Dec 16 low at 55.29

Profit target just under Mar high at 79.75

Risk/Reward ratio is 5