Benny.Atia
Long

AMAG Range Trade Alert

NASDAQ:AMAG   AMAG PHARMACEUTICS INC
Good R:R ratio, not my favorite setup though.

Comments

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 :-)
Reply
@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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out