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
My 1st level to watch is at the 100 reversed Fibonacci level.
AMRN is expected to beat earnings guidance and enter profit territory for the first time.
Bullish flag is forming.
AMRN
At the end of the day, this is a massive lateral consolidation in a breakout bullish trend. There are plenty of scenarios here that could lead to a takeout offer well above current levels given Vascepa's potential. Defined risk; undefined upside.
Amarin ready for a dive to at least $17 for institutional re-accumulation before violating thru resistance and making new highs to $30 this year. Temporary short which I will re-evaluate and flip after liquidity is taken from support areas.
NASDAQ:AMRN
Amarin popped up on my daily scans that are showing bullish momentum following an oversold condition & I do like the look of its daily chart. A gap up on November 12th which has since been held. A Golden Cross occurring around the same time as well. I have a few price targets noted on the chart based on the Fibonacci Extension tool.
What really interests me about...
That's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning.
Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the...
