Exelixis, Inc.
Short

I like it at $11.50

63
I'll take it at $11.50. It completed up to the 3.618 and then looks like it stalled. I took the first leg of money down to formulate the downwards pattern (yellow). I've got it hitting somewhere in the $11-12 range before we see a nice little bounce. I think it'll continue the downtrend more likely than not after that though. If you see a buyout, obviously this thing is going to skyrocket but this is what I've got based on what I've learned/seen in the past couple of months.

Full disclosure - I'm an amateur at this. Use at your own risk.

Thanks!

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