– No interconnectable formations within main formation
– No leg since mid 2016 (extremely bearish), must return to lower trend line
– Significant volume drop (below average), sharp corrections expected
– Unbroken PSAR series from 2016 to 2018 will now be mirrored in a down trend
– 8 out of 9 indicators point to much lower stock value, 1 'neutral
Very straight...
Watch for LNTH to make a move back up to past resistance around $9.70, Price has just broken above the resistance line and it is also just above the 50ma which has been acting as a dynamic support for quite some time. Also volume has been increasing, MACD looks like it is soon going to crossover and the Squeeze Momentum indicator is currently bullish.
LNHT seems topping on 4h and daily chart, failing 2 times on breaking the top. If it fails for the third time the drop will be huge, otherwise it is the beginning of a strong wave to the upside. Let's see how it develops.
Industry:Medical Equipment, Supplies & Distribution
Employees:488
Lantheus Holdings, Inc. is engaged in the development, manufacture and commercialization of diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases. Its imaging agents and products are used across a range of imaging modalities, including echocardiography and nuclear imaging. It operates in two segments: U.S. Segment and International Segment. The U.S. Segment produces and markets its medical imaging agents and products throughout the United States. In the United States, it sells its products to radiopharmacies, integrated delivery networks, hospitals, clinics and group practices. The International Segment operations consist of production and distribution activities in Puerto Rico and direct distribution activities in Canada. Its portfolio of nine commercial products is diversified across a range of imaging modalities. Its products include an ultrasound contrast agent and medical radiopharmaceuticals.
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LNTH
