OCU was in our smart money watch list as it had Big insider buying on the 13th of August. It also seems forming a fallen angel formation. We think it has good upside potential.
John sent an intraday text alert on August 14th while this was at $6.35 indicating a possible entry zone. This has continued to hold and is something we continue to like as a long idea.
This stock is breaking out on the weekly and daily charts . I will be entering on pullbacks. I think this stock has upside potential based on its upcoming drug FDA date, Dextenza. I like the data that has been released so far, seems positive. Let me know what you think, would love to discuss.
OCUL has broken this small degree downtrend. If the level posted on chart holds i'm expectiong one more wave up. Put an eye on earnings (3/9/2017) for a potential catalyst for the next move. A strong breakdown under the level posted on chart invalidates this setup.
after the earnings(3% surprise), the OCUl stock is still maintaining its positive slope and should follow the green band, anything outside the band means the trade is missing this slope and possible reversal. Im currently long on OCUL with a price of 5.99