Today's trade setup is to buy BioCryst Pharmaceuticals, symbol BCRX. Biotechnology stocks got a bid yesterday as the Chinese government announced that they would buy most of their swine flu vaccine from Sinovac, symbol SVA which had almost a 50% move. Many of the other biotechs could continue higher and technically BCRX looks very intact for another move higher, even in a bearish or range bound market. So we are looking to buy BCRX above the $13.00 area (13.24 exact) for a move to $15.00. Set your stops at $11.85 which is the low of this bull flag pattern. This stock might need a few more days to consolidate, but keep your eye on this one as the swine flu gets more media attention.
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