What used to be a resistance now a support.
Plus an inverse head & shoulders.
Plus positive news: “Supernus said that a Phase 3 trial 'met the primary endpoint ... compared to placebo in improving the symptoms of ADHD.'"
Going long anticipating 30’s where MA200 is and then maybe higher.
With tight stop-loss just behind the support.
This share reports earnings today. Downtrend broken and building what looks like a bull flag. Targets 29.40 and 33 if this bull flag breaks to the upside.
Hi, today we are going to talk about SUPN
We observe a D1, some important points. The details are highlighted above.
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Earnings are a crap shoot, especially with healthcare stocks taking a hit, but here's one that usually beats.
If it gets a pre-earnings bump tomorrow, will probably take the easy money and run.
Looks like a bull flag and possible gap fill. If earnings are decent, it should have no problems filling it since >100% of float is owned by institutional holders. It's trading on borrowed shares.
Small play using my WP profits. March 37 calls. Remember, earnings are always a crap shoot.
This is a trade continuation from 8/2.
8/2 Initial trade:
Sold 8/17 $55 Call @ 1.94
Sold 8/17 $50/45 Put Spread @ .56
Total Credit 2.50 (Net 243.50 per contract)
8/9 Rolled Put spread to September:
Rolled 8/17 $50/45 Put spread to 9/21 $50/45 Put Spread for no cost
8/17 $55 Call expired OTM
9/18 Rolled Put Spread to October:
Rolled...
