Cempra (CEMP) was annihilated on October 16th because in the reporting of the drug Solithromyocin's success in trials, increased pain at the injection point was noted. Essentially what happened n what should have been a positive note, ws that the hedge funds flinched, and sold off. this caused the stock to plummet from 26.78 on October 15, 2015 to 15.76 on...
$CEMP Cempra is at trend line technical & psychological resistance from Q3 2013. Many traders must see this also as short interest has been spiking as show in the bottom panel (data gleaned from FINRA, NYSE & NASDAQ and provided by Quandl). The lower trend line sits approximately at a L5 Cyclical Support level and would be a likely target and initial location for...
Received email re "long" candidate Cempra $CEMP . Looks like this is getting the ax. Be brave (not a good trader personality trait) to $18 - 17 area. One could cover in stages at $19.80 and $18. Just wanted to bring to your attention if you find this informational. From Barchart to my inbox: Barchart technical indicators: 96% Barchart technical buy...