Pharmasset, Inc. (VRUS), after a big surge in price and volume in March and April when the stock doubled, has consolidated in the last 30 days in a rectange pattern. The stock appears ready for another breakout above key resistance at 110 area. If a breakout above 110 occurs, I expect to see VRUS move toward the 117-120 area. Preferred entry (buy stop) price is at 110.80, with a stop at 104.00.
Originally published on TraderHR.com.