BB starting to tighten. Still sticking within the trading range with some slight adjustments. RSI is cooling off (now 56) and will wait to see if it bounces off the SMA 20 ($55.86). MACD are converging though and about to cross over negative.
First time using this. Working on expanding my skills. Looks like an bullish ascending triangle with on-balance volume rising past few days. Would expect a move up based on this daily chart. Resistance has been $58-$58.10s. It is near 52 weeks highs.
$IONS is in distribution within a range. Not it is falling across middle BB. Given recent price pattern /movement, it is very likely to continue the drop to 100 sma on daily or 20 sma on weekly (around $46.3).
The 200 sma does not seem to interfere with price actions much.
IONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016.
A stock which underwent sell off of 75% warrants a look by bargain hunters.
IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease.
This will inevidentably be just the antidote that IONS needs to return to its new highs and...