Smithoroo

$OPK Potential Long Breakout Setup

Long
NASDAQ:OPK   OPKO HEALTH INC
OPKO Health is a medical testing company based on diagnostics and pharmaceuticals. They also have a COVOID-19 testing kit.
During week of June 6th , Insider buying occurred with CEO, Chairman and 10% Owner Phillip Frost buying 200,000 shares at the average price of $2.35.
With COVOID-19 infections slowly ticking up in the US, we might see more demand in the company's testing kits.
$OPK recently retook the 100 day MA on the weekly chart which hasn't been crossed since 2017 which could mark a strong trend coming soon.
$OPK is also looking at a breakout past the hourly resistance at $2.91 and also a potential gap fill at $3.00 to a target of $3.30
Also high short interest at 29%
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Comment: First idea here so lets see how it goes :p
Comment: Reached target $3.30!!! Woo!

Comments

OPK all the way eh!
Reply
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