The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The pattern formed over 6 hours and 0 minutes, which is a rough guide for how long it might take to reach the target price of 4.52 - 4.56... let some run for potential gap fill
My screener found this ticker.
Has positive earnings (that's an understatement).
Pulled back to an entry zone and the short volume is down.
I will pick this up for 10-30% gains over the next 10-15 days as my target
Try to catch the near term momentum.
Entry at the current level and adding position on possible pullback.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Contextual immersion trading strategy idea.
ImmunoGen, Inc., a clinical-stage biotechnology company, develops antibody-drug conjugate (ADC) therapies to treat cancer.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from...
Good tutes (Ra and Redmill) loaded recently - Has catalyst coming up this month and 2H, 2020 - My current avg is 4.77, planning on holding until the end of this year.
$IMGN can be categorized as penny stock because its price per share is below $10
Given this fact this trade idea should be considered risky. But nothing in life that is worthy is free of risk, right?
Since this is a volatile stock I would strongly suggest you should have a proper plan to execute it as a skilled surgeon
In particular, you should set your Stop...
ImmunoGen, Inc. engages in the discovery and development of antibody-drug conjugates to improve outcomes for cancer patients. Its pipeline includes Mirvetuximab Soravtansine, IMGN632, IMGC936, and IMGN151. The company was founded on March 27, 1981 and is headquartered in Waltham, MA.
NASDAQ
