By Jeff Pierce
ALIM is a biopharmaceutical company engaged in the R&D and commercialization of prescription ophthalmic pharmaceuticals. It’s about ready to break out to new 2014 highs as soon as tomorrow and you can see that volume is definitely supporting each of the big moves higher. ALIM IPO’d in 2010 above $11 and you can see we’re not that far from that when viewing a weekly chart. There is some decent resistance around current levels but if this makes a move and closes over $9 I think it’s only a matter of time before this sees new all time highs.
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