Good time to enter CLDX!
(1) rising trendline
(2) Zacks Rank #2 = buy (short-term for next 1-3 months)
(3) Zacks ABR (5 brokers) = 1.80 (almost strong buy); past brokers' recommendations = 2 holds, 3 buys, 0 strong buy, 0 sell, 0 strong sell
(4) Zacks' Average Target Price = $6.63 (more than double current price of $3.03)
(5) Risk-Reward ratio = 1:1+
Let me know ...
Waiting on an update on Phase 2 trials in melanoma patients expected in Q4. Stock could rally from Fibonacci setup after the conference.
Buy zone: 2.70
Profit zone: 3.00 or higher
Stop zone: 2.55 or lower
This one is a nice oportunity to break nicely the 5 round number, and could fill the gap for a nice low risk setup, another nice thing the SMA 50 is just in the closing price...the target is 6.23 and the stop 4.56 (sma50) only if the price breaks the round level of 5 with nice relative volume
Go short the CLDX if it trades at 3.55 or lower. If triggered, place your stop at 4 and exit the position for a profit at 3.12 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com