Just exited a declining wedge reversal to the upside with volume and has retested support. Short term target 2.60. Long term target 4.00.
Stop loss should be placed under previous support/resistance at 1.75.
I like this stock. It has formed a inverse H&S. OBV and MACD both look good. I think you could ride this one all the way into overhead resistance around $40. If it breaks thru resistance you it could skyrocket. If it does not break thru resistance, no worries you will have made you profit.
Daily
Notice the macd has formed...
ACOR just started to make upward run. It got good moneyflow accumulation. Overall looks very good long setup.
* Trade Criteria *
Date First Found- June 20, 2017
Pattern/Why- Breakout Momentum Long
Entry Target Criteria- Break of $18.03
Exit Target Criteria- $19.83
Stop Loss Criteria- $17.06
Please check back for Trade updates. (Note: Trade update is...
acor sits at a support level of 28.5 where price shows indecision
its now a mather of how this resolves itself a breakout to the downside
will most likley yield into a broken support and therefore a further decline
*however if someone is buying into that breakout (fade it) we may reside in the range
and reject support for the time beeing (fakeout)
ACOR has declined down to the 300-day moving average. Today it completed a double bottom, bouncing off the moving average while MACD's blue line has crossed the slow moving average. Stop loss will trigger only on a CLOSE below today's candlestick low, and it may convert into a trailing stop, using either the 12 or 60-day MA.
Notes on the chart..if you decide to take a trade make your stop loss at recent swing low and target price noted on the chart. Checkout our site if you are interested in real time alerts www.2waytrading.com
Acorda Therapeutics, Inc. engages in the development of therapies that restore function and improve the lives of people with neurological disorders. Its two main products are Ampyra and Zanaflex Capsules. The Ampyra is an oral drug, which treats to improve walking in patients with multiple sclerosis and Zanaflex Capsules, which is a short acting drug for the management of spasticity, a symptom of many central nervous system disorders, including multiple sclerosis and spinal cord injury. The company was founded by Ronald Cohen in 1995 and is headquartered in Ardsley, NY.
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ACOR
