ntourney777

CORT Head and shoulders

NASDAQ:CORT   CORCEPT THERAPEUTICS INC
CORT Head and shoulders still looking for support possibly down to the 12.60-11.80s level. Been a bloodbath.

Comments

I guess I'm wrong, the shape is certainly a H&S and the price has broken below the neckline...
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That's an interesting idea, it may be stretching the H&S a bit though. 10 month pattern, multiple peaks for the shoulders... and the $10 distance from the head to the neckline would normally imply a price target here below $5, which like I said, appears to be a stretch.
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@germac, Yes i do agree with you, if you look at the weekly its more of a h&s than the daily showed because of the multiple peaks etc. Think itll stay bouncing off that support level though which so far it did. What do you think?
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ntourney777 ntourney777

@germac support which i had around 12.69 that is...
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germac ntourney777
@ntourney777, I'm surprised that it has gone down as far as it has. Maybe I've missed something, but I think the financial statements for the last 5 years show that the company has been improving in just about every way. I hope that Thursday or Friday sees the start of a significant move up, I'd like to buy in.
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@germac, agreed, think i might buy some calls.
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