Investopedia.
Stockholders' equity, also referred to as shareholders' or owners' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares....
GTHX has been trading in a range for a while, and seems to have bottomed. The weekly MACD has done a bullish cross, and I think there is a good chance that it will breakout of its range toward the volume areas I have marked. I have plotted the price action that took place the last time it left this range.
I think there is a reasonable chance that it hits ~$15, but...
Good sign with the bounce off the support line.
However, it was with LOW VOLUME.
IMO, still not completely convinced. Still a good one to either take the chance and go LONG or add to the watchlist.
Potential to DOUBLE position value to even TRIPLE position value over several months time.
Notice how many times price has been rejected from the pink line -- and also notice how price is now above that resistance! EASY 100% gains from this point onward!
NASDAQ:GTHX
Possible Scenario: SHORT
Evidence: Overbought RSI. Bearish Divergence
* It's trading higher without any specific news, will drop soon.
It's my opinion and could be wrong 100%
Price action suggesting movement towards bull, this supported by MacD and RSI.
Looks like a support is established.
New RH should confirm trend reversal.
STOP @ 14
TARGET 1 @ 20
Risk Reward 3/1
Earnings/News
Co's lead cancer therapy, trilaciclib, gets FDA's "breakthrough therapy" status, which is meant to speed up review of drugs that treat life-threatening conditions
GTHX says it will present new data on three of its drugs, including trilaciclib, at an upcoming conference in September
FDA's move is a recognition that clinical data presented...
$GTHX leading up to Jan 17, 2108 time cycle should provide decent trading range volatility and decisions forward #swingtrading
* Buy sell swingtrading signals on Dec 3, 2017 member report.
