AMAG Range Trade Alert

Good R:R ratio, not my favorite setup though.


A nice one to follow (or maybe act?). I recently listened to a David Weis webinar where he described the last few days as "bag holding" - someone holding a bag at the $20-$18 range and taking all the supply the market can give.Why? because it too about 20million shares to sink the price from $36~ to $20~ while in May, 20 million shares were "absorbed" in a $2 range. I like the setup, but maybe I'm mis-reading the situation (it is a pharma stock :-)
@PinnyC, beautiful comment Pinny, and one heck of an analysis! This is exactly how we should adress volume and not many aware of that, weis is great thanks for bringing his live webinars to my attention, will do.

Glad to hear from you.
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