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Against the backdrop of a market that scores technical setups against earnings results, Exelixis (EXEL) offered a clear resolution.
The stock cleared a flat-base buy point at 57.57 and is now trading at 59.08, carrying a 42% advance, after Investor's Business Daily named it Stock of the Day in a note that addressed both the earnings stumble and the price action that followed.
IBD does not look past the earnings snag. The Stock of the Day analysis names it plainly, then moves to the chart.
The stock moved through the buy point regardless, and Exelixis is now inside the designated buy zone, which IBD places between 57.57 and 60.45. The day's change is 0.05, or 0.08 percent.
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