This is not a stock I'm familiar with. My dowsing method picked it, so I'm not responsible if it's totally wrong ;) I kid.
I was thrilled to see such awesome options activity, so it has that going for it. Vol isn't crazy high either.
My research is suggesting a pretty swift liquidation in this name. I would not be long, but buy the dip whenever it comes. It may be...
21-May-20 16:10 ET
AMRN
Amarin announces trial to evaluate effects of VASCEPA on patients with COVID-19 (7.28 -0.18)
Amarin today announced support for a clinical trial to investigate the effects of icosapent ethyl (IPE) (VASCEPA) on inflammatory biomarkers and other patient outcomes in individuals with COVID-19. The trial primary endpoint is the effect of...
$AMRN
Not much to say other then this is a classic bull flag pattern that has appeared over the past few days.
I would look for price to break out of downward movement most likely eyeing $7.15 to set a buy alert.
$5.50 is a hard stop loss for me as that would indicate something is very wrong. However I did see that they just had a lawsuit settlement which is...
In terms of resistance it is practically non existent until $8.58
News releases is the issue with this stock so be careful and tight stops/
PLEASE DROP A LIKE IF THIS IS HELPFUL, THANKS.
MAy be a case that speculators are in the stock for a quick $$$ after a very erratic selloff.
Jefferies analyst Michael Yee is hosting a conference call with life sciences patent lawyer Jacob Sherkow, who said during the call that he believes Amarin has a 50% chance to win its appeal related to its recent loss in litigation related to generic versions of...
Selling may be overdone as the algos kicked in after hours, where moves are always compounded by stop losses been hit.
Will be on lookout tomorrow for a dead cat bounce at the minimum
We have technically important points as support in a row
16, 15, then 14
14 are the last and most important support areas and we should not close below them
