CASI Pharmaceuticals Inc (NASDAQ:CASI) moved up about 9.22% on strong volume last week and it looks like a lot of traders booked gains from the upwards run, but I did exactly the opposite. With the resistance level already identified on the charts and with the huge insider activity revealed, I used the pullback to take a big long position. Usually when insiders buy shares, especially in large amounts it is a sign that positive things are coming. If CASI can keep going up and break the resistance at 2.50 this could further confirm the uptrend and would give a measured move target of nearly 3.25
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