13Jul10:16 amEST

Island Hopping

With the Greeks and their famous islands striking an apparent deal with their European counterparts, it is apropos that we should now look to other "isles" for opportunities. 

Galapagos (the Galápagos Islands is a volcanic archipelago in the Pacific Ocean is a province of Ecuador) is a recent-IPO biotechnology issue. GLPG is a young chart we have looked at before. And, updating it below on the daily timeframe, you can see that more volume needs to come in to trade it with any type of conviction. 

Still, the chart becomes intriguing as a long idea over $55, especially if biotechs continue to lead higher and volatility in the broad market continues to collapse like it is off the bat this morning. 

Weekend Overview and Analysi... The First Stop on the Summer...

 
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