COGT a botechology stock with a great uptrend SHORT

COGY a biotechonology stock is doing what others

in the sector typically do in their performance when they

ignore general market dynamics and often hold up in recessions.

COGT has 4Xed since May earnings so ALPHA is high.

Right now the RSI is down trending so showing bearish divergence.

Additionally, the mass index went over the threshold and

then under the trigger suggesting an impending reversal.

The ADX indicator which has been as high as 100 for both up and down

trends is nearly zero. Although not shown on the chart, the mass

index indicator has triggered.

I conclude that COGT has ran up and extended too far and is now

set up for a short trade.