FPRX is currently holding above resistance at 6.12. i see a bullish flag pattern on the daily but bearrish sructure on lower time frames. to hedge against a break down, a stop order is ideal for this idea. i have entry price set around 6.20 with a stop at 5.61 and a target of 8.16. overall risk/reward is 3:1
Five Prime Therapeutics (FPRX, $6.39) was one of top quarterly gainers, jumping +132.36% to $6.39 per share. Tickeron A.I.dvisor analyzed 380 stocks in the Biotechnology Industry over the last three months, and discovered that 356 of them (93.72%) charted an Uptrend while 24 of them (6.28%) trended down. Tickeron A.I.dvisor found 279 similar cases when FPRX's...
Five Prime Therapeutics, Inc. is a clinical-stage biotechnology company, which focuses on discovering and developing novel protein therapeutics. Its product candidates includes, Cabiralizumab(FPA008), Bemarituzumab(FPA144), and FPA150. The FPA008 is an antibody that inhibits colony stimulating factor-1, or CSF1, receptor, or CSF1R, that are developing in...
FPA144 + chemo Phase 3 futility analysis due 1H 2020
FPA150 Phase 1b Ovarian cancer data due 1H 2020
Cabiralizumab (FPA008) and Opdivo (nivolumab) Phase 2 Data due 2H 2020
- High hedge fund buying in December -
BVF Partners holds a 10% ownership, Frpx Ranks 22 in their portfolio
RENAISSANCE TECHNOLOGIES holds a 3.6% stake in the company
AVERAGE ANALYSTS PRICE TARGET $12.50
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
Five Prime Therapeutics, Inc. is a clinical-stage biotechnology company, which focuses on discovering and developing novel protein therapeutics. product candidates includes, Cabiralizumab(FPA008), Bemarituzumab(FPA144), and FPA150. The FPA008 is an...
Bollinger bands are still very wide-indicating a volatile market.
MACD histogram is showing an upward slope towards 0 indicating a future recovery. Waiting on the MACD and signal lines to cross within the next couple weeks.
Today's candlestick was a doji, signaling indecision, preceded by two inverted hammers. Today's doji may be a sign of reversal.
FPRX is forming a nice fallen angel pattern. It had a huge decline, and now getting some upward momentum. For entry we are looking for a break above its SMA50.
* Trade Criteria *
Date First Found- April 24, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $34.31
Exit Target Criteria- $39.23
Stop Loss Criteria- $31.73
Please check back for...
FPRX has seen above average volume and has a potential breakout point of $48.14. If markets continue to make new high, look for FPRX to breakout.
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Narrow range sideway movements from past 7 days-ish
5ema piercing through a very strong bar today
Breakout signal today!
NR3 + NR7 last week on the weekly chart
Breakout signal from the weekly chart as well
Support from rising 5ema from weekly chart