Hi there. Price is forming a big reversal pattern to change its direction. Also is close to 0 value which is a very good sign. Watch strong price action at the current price for buy.
AKRX can be observed as detrended from its major trendline formed. However this may be recovered with the formation of an island bottom just below the trendline, potentially pushing the price back up into the buy zone. Islands are very predictable chart patterns of reversals in bullish markets (23/24) according to ‘Encyclopedia of chart patterns’.
Hi, today we are going to talk about the Akorn and its current landscape. Akorn is poised to receive increasing attention from the market as relevant events are taking place. The American generic pharmaceuticals manufacturer has been crushed after analysts had called out the possibility of the company fill for bankruptcy. Akorn hasn't managed to generate much...
Akorn, Inc. engages in the development, manufacture, and marketing of generic and prescription pharmaceuticals, and animal and consumer health products. It operates through the Prescription Pharmaceuticals and Consumer Health business segments. The Prescription Pharmaceuticals segment manufactures and markets generic and branded prescription pharmaceuticals...
This company has issues. It's association with John Kapoor doesn't help matters. Anytime now, the judge should deliver his decision regarding the merger drama. Based on price and chat, many are expecting the verdict to favor AKRX. Who knows. The possible verdict outcome could be merger proceeds at original terms, proceeds at a reduced price, or Fresenius is...
Not sure if this one will retest the 100 EMA again or not. If so, it's a good entry point. plenty of room between the 2R target and the next major resistance level. Also able to put the 10, 20, 50, and 100 EMA's between the entry and stop. I'll be looking for a slight pause when we hit the 200 EMA but it should break through.
THE IDEA AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today. THE TRIGGER If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold...
The Long/Short Equity spread of AKRX/PKD has just broken out to a new high and finished Friday's trading session at the high of 12.82. Akorn Inc (pharmaceuticals) has reported consistently good earnings with an EPS change of 80% in the last quarter and also an annual ROE (Return on Equity) of 27.1%. It trades at a slightly higher P/E ratio of 48 which has been...