On high priority watch list - potential buy opportunity

JLJ002500 Updated   
NASDAQ:IONS   Ionis Pharmaceuticals, Inc.
Down trend since January highs after 1st qtr company report. Overall price has dropped over 45%. Potential consolidation with trend reversal. This stock has been on my radar the last 2-3 weeks as I have been evaluating and looking for signs of a reversal before going long. Ratings/analysis are mixed for this stock. I believe there is substantial uncertainty with this stock, but strong upside potential and is probably under valued.

There is a high probability I will go long, I am just looking for my entry point.

Trade active:
Long @ $37

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