I4
Long

A bullish setup forming in AMRI.

I4  
NASDAQ:AMRI   AMRI
67 3 0
Looking at similar past price action, the last two times there was tight price action like this(weekly closes), it took four weeks until a breakout. A failure of the weekly closing price staying above the low range of the past two weeks will ruin the trend, along with next week.
Bought at 21.51 today. Stop: 21.38
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I find the volume in April to be odd - note the tall, red, down bars indicating heavy selling. What news was out back then? Lots of selling in this name. It's a massive rally, don't get me wrong, but there is selling going on. I'll follow this name and see what else I can see. Thanks!
+1 Reply
I4 timwest
I have noticed that, and did read an article about insider selling at 20. This isnt a clear buy yet, but I do think a breakout to new highs next week can give a short term buy(a few days). I also looked at what happened near the end the march, it turned out they bought out Cedarburg pharmaceuticals.
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