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Thursday, September 9, 2010

EXAS Explodes to the upside!!!!

Exas just broke out to the upside! It broke past the $5.00 resistance and ended the week at $5.55 with volume strong at over 3 million shares traded.

The call option also gained but not as much as the stock. It ended up bid at $ 0.85. This shows a continued burn in the time value of the option as last week it was $0.60 and this week it is $0.25.

The following reports in the news were made regarding Exact Sciences. They include a coverage initiation.

Jeffries Initial Coverage

Nasdaq Story

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