Morning Update -CELG, CEPH, FRK,NBIX,& NGPS

Celgene Corp. (CELG) Daily chart
Celegene's daily chart shows that it is in ascending triangle pattern. On the daily, you can see that CELG closed up 0.74% at $71.68. Furthermore the indicators and oscillators are bullish. the PPO continues to make new highs along with price.

Cephalon, Inc. (CEPH) Daily chart
On the daily chart, you can see that CEPH has been trading below the downtrend channel. The breakout for CEPH is above the downtrend line. On the weekly chart CEPH is in a Slim Jim pattern. New all time highs will be above $83.00 where there will no overhead resistance.

Florida Rock Industries Inc. (FRK)
On the daily chart you can see that FRK is in a possible ascending triangle pattern. A very large one at that. Currently it is at resistance at $55.00 support is at $49.00. Once it breaks above $55.00 we should start to see some momentum. Furthermore, you can see that volume comes in at the lows to support the stock. Indicators and oscillators are bullish.

Neurocrine Biosciences, Inc. (NBIX) - Daily chart
The daily chart shows that NBIX is a possible ascending triangle. It pulled back to test the breakout line and formed a bull flag and it is now back up at $69.76. NBIX is still in a bearish trend reversal but we are waiting on a turn here.

NovAtel, Inc. (NGPS) Daily chart
The daily chart shows NGPS breaking out of it's bottoming symmetrical triangle and is now turning into a large ascending triangle. Entry for the portfolio table was triggered at $30.00. On the daily chart you can see that the indicators and oscillators are bullish. Furthermore, the moving averages are starting fan upwards, which is also bullish. Resistance continues to be @ $37.15.