Trading-Leaks 154: Evofem Biosciences Inc (EVFM) > Long : 7.26$

- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month EVFM has a been trading in the 2.43 - 3.48 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- EVFM has an average volume of 3190600. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
- When comparing the yearly performance of all stocks, EVFM is a bad performer in the overall market: 67% of all stocks are doing better.
-EVFM is part of the Drugs industry. There are 725 other stocks in this industry, of which 66% are performing better than EVFM.
- EVFM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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Target :
TP01 = 4,05000
TP02 = 5,12000
TP03 = 6,19000
TP04 = 7,26000
SL = 2,62333
Risk-Reward Ratio : 7.93

Trade closed: target reached:

TP01 = 4,05000

Trade closed: target reached:

TP02 = 5,12000