TradingView
TradersArticle
Sep 25, 2018 10:40 AM

Verastem gets approval! Long

Verastem, Inc.NASDAQ

Description

Our Stock pick for today goes to Verastem Inc, creeping up slowly, we see this stock potentially testing the last resistance level of $12 but only after a break out at $10 level.

With the approval by FDA on their oral capsule, this could hype enough for the price to push up further. Though the risk of taking this trade is high due to the small market capitalisation, this may be on that could have more break throught. Reminds us of a stock pick we took on tandem diabetes where the were given approval on their insulin.
Comments
abouttreefiddy
logic would dictate so, but nope. went downhill.
TradersArticle
@abouttreefiddy, will see how it plays from here.. still within demand zone.
TradersArticle
longer term play
More