Don't bet the farm, because this company's success is still hinged on FDA approval. But, if you can tolerate the risk, there will be a fine entry point in the near future. Clearly, we are short term overbought, which can be seen on the RSI
. And you may have noticed the momentum has kind of sputtered out over the past couple days. I suggest waiting to buy at the 200 daily moving average or the 50 daily moving average...the 50 if it falls back quickly, and the 200 if it falls back slowly. I see a nice looking 50/200 "golden cross" in the near future here. Preferably, the RSI
will be under 70 for entry. Don't chase! My guess is withing 1 month a good buying opportunity will present itself.