Key Technical Levels Boosting La Jolla Pharmaceutical

La Jolla Pharmaceutical Company

jumps following a heavy technical level. Since early June the stock price traded in a slightly horizontal range from $9.06 to $9.20, followed by a short dip to a $8.23 reversing to $9.01. During its short recovery, the price completely dismissed its expected retracement back to the $9.20 range, surging over 20 percent by 11:30pm(eastern time) during Fridays market hours.