Pulse Biosciences broke out today from a positive earnings report.
Biotechnology stocks often burn cash on a slow growth cycle.
This company is making money and so the expected reaction occurred.
The volume indicator shows selling pressure in the lead-up to today's earnings.
After the report, the reversal to buying pressure occurred nearly immediately.
The MACD lines crossed under the histogram and then quickly reached
the horizontal zero line serving as a confirmation.
I expect a good follow-through next week. This may be a great penny stock
to trade or even invest.
Biotechnology stocks often burn cash on a slow growth cycle.
This company is making money and so the expected reaction occurred.
The volume indicator shows selling pressure in the lead-up to today's earnings.
After the report, the reversal to buying pressure occurred nearly immediately.
The MACD lines crossed under the histogram and then quickly reached
the horizontal zero line serving as a confirmation.
I expect a good follow-through next week. This may be a great penny stock
to trade or even invest.
Trade active:
Took 10 call options @ $2.50 strike for April 21st