heidib

FLXN blows thru 22.18 resistance, will it hold? If so, BUY!

Long
NASDAQ:FLXN   None
FLXN blowing thru resistance coming up on earnings CC next Monday 7/10. Looking very strong but not confirmed until today's candle closes above resistance and full candle opens and closes above 22.18 resistance tmrw. If it does, think that's a solid buy signal as I don't see much resistance from here to 26s & if they're on track for FDA approval of knee drug end of 2017 this is going wayyy up! I sold far dated 17.5 puts on this during last dips so recommend selling puts to reduce cost & risk of entering/adding at these levels. If you buy here, still recommend doing so in chunks as it's just not good form to buy full position at/above resistance (particularly right ahead of earnings) even though this may eventually double from here.
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