This is a signal that CHRS's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. Tickeron A.I.dvisor identified 61 similar cases where CHRS's stochastic oscillator exited the overbought zone, and 52 of them led to successful outcomes. Odds of Success: 85%.
Current price $17.86 crossed the resistance line at $17.45 and is trading between $19.50 support and $17.45 resistance lines. Throughout the month of 05/28/20 - 06/29/20, the price experienced a -4% Downtrend, while the week of 06/22/20 - 06/29/20 shows a +0.73% Uptrend.