Mannkind

The stock price tested the support at the $3.80 level several times this week and could not break through to the downside. Instead, it has broken out of a triangle pattern to the upside with heavier volume which is indicative of higher prices ahead. With support seemingly intact at the $3.80 level, I'm looking for the stock to test the previous recent high of $4.50, with a possible move to the $4.85 level.