timwest
Short

West Pharmaceuticals WST low volume rally into overhead supply

BATS:WST   WEST PHARMACEUTICAL SVSC INC
173 4 0
Technical forecast for short term price movement.

24 days of "supply" sit at $49 for WST             .

Risk is 3 times the 10-day ATR.

Downside potential down under $45.

Low volume rally back into key, and maximum overhead supply zone.

Warning: Thin stock - average volume 410K shs             .

Tim 2/18/2014 1:38PM EST
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timwest PRO
2 years ago
Technical Target reached in 2 days on weaker than expected guidance from the company. It looks like someone knew that in advance as the sellers had pounced on the stock weeks before. The fundamentals often show up in the technicals if you know how to look for it.
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timwest PRO
2 years ago
The target has been reached twice. Double-bullseye :-)
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timwest PRO
2 years ago
"Downside potential down under $45" :-)
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timwest PRO
2 years ago
Virtually identical to the forecast... interesting.
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