If SIEN crosses the downtrend the next test will be crossing the 50 day MA. if that happens we might have an up break. Am i going to wait to find out? I have a 10% gain that might be erased if the same volatility continues.. let me know your thoughts..
SIEN has had an amazing run despite negative earnings and is currently showing weakness/indecision at a key level of resistance. Switching to the weekly chart shows nicely where price has tested this level before. The last time it was above it and then came below this level price crashed HARD!
I am bearish on this one... This could mean the momentum is drying out...
Will buyers hold this level with earnings out of the way? I believe they will as they have done before. Recent acquisition of a scar tissue company and strong guidance for 2016
SIEN CEO was granted almost 250K in options with strike price of $5.92 expiring in 2026. Her now owns 880K shares now.
Looking for break above first resistance at $7.00 to fill at $9.40 within the next few weeks.
$14.40 potential within next few months if trend line holds
Industry:Medical Equipment, Supplies & Distribution
Employees:105
Sientra, Inc. is a medical aesthetics company. The Company's primary products are silicone gel breast implants for use in breast augmentation and breast reconstruction procedures, which it offers in over 190 variations of shapes, sizes and textures. The Company sells its breast implants and breast tissue expanders, or breast products to plastic surgeons. Its breast implants are primarily used in elective procedures, which are generally performed on a cash-pay basis. TRUE Texture provides texturing on the implant shell that is designed to reduce the incidence of malposition, rotation and capsular contracture. The Company also offers breast tissue expanders and a range of other aesthetic and specialty products. The Company offers a range of HSC+ breast implants, including anatomically shaped textured, round textured and round smooth. The Company also offers miraDry system, the device to reduce underarm sweat, odor and permanently reduce hair of all colors.
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SIEN
