AXON.. Gene Therapy Deal Sends Shares RocketingBullish news of a deal for over $800mil dollars sent AXON shares soaring in a mourning gap up. News of the deal took AXON out of a recent slump and looks to be funding the development of the companies drug OXB-102. I see large volume and a trend reversal with large gaps to fill. Do we have a multi-day runner? Watch those gaps it can close fast with no previous resistance.
Trade ideas
AXON - Fallen angel formation long from $5.63 to $6.28 & Higher AXON seems breaking up forming a nice base. Twiggs money flow accumulating. We think it has good upside potential if it can break resistance at $5.63
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $5.63
Exit Target Criteria- 1st Target $6.28, 2nd Target $7.67
Stop Loss Criteria- $4.67
Indicator Notes- Good money flow accumulation
Special Note- Very strong Financial Ratios
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AXON - Fallen angel formation long from $5.57 to $6.28 & $7.67AXON seems forming a nice fallen angel formation. Twiggs money flow is accumulating.
We think it has good upside potential from here.
* Trade Criteria *
Date First Found- November 21, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $5.57
Exit Target Criteria- 1st Target $6.07, 2nd Target $6.28 & 3rd Target $7.67
Stop Loss Criteria- $4.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)


