ENZ Showing Bullish Flag With Strong Fundamentals

Enzo Biochem has been in a strong uptrend since mid-2015 and has solid fundamentals to boot. More recently, the stock has been digesting its big gains in a consolidation flag pattern and is poised to break out to the upside within the next week or two. We want to be long ENZ, **IF AND ONLY IF** it breaks the upper resistance line of the flag pattern. Our short term target is $12.50 with room to head up to $16 if you let it ride.