ARDX Post Sell-Off ANALysis Long

Ardelyx, Inc.NASDAQ

Description

⋅ Aug 22, 2021 9:12 AM

Following the negative news that sent this stock into an 82% tailspin there is no viable buy signal aside from a simple long-term play.

Trend is continuing downward slowly. Has yet to find a solid support zone.

By way of Analyst Consensus, upside is above 100% but may take 12-months to materialize.

By way of previous share price average, upside is close to 500%. Not likely to happen within a year.

Ultimately, this stock needs a strong positive Catalyst.

Another negative Catalyst will undoubtedly send this stock below $1.

I believe this is a good long-term play for 100% or better, just don't stare at the ticker too long.

Trend Analysis

Comments

Mbutterfly548

⋅ Dec 2, 2021 2:19 AM

How do you think about its performance today (Dec 1, 2021)?

Solomon1983

⋅ Dec 2, 2021 3:08 PM

@Mbutterfly548, they just received good PR on their drug. Its a pretty significant development. Couple that with it having leveled off since chart was published and I think you may have a winner. I would set buy at 1.06, then set stop loss at .94. It has a pretty significant upside.