VERU: Buy ideaBuy idea on VERU as you see on the chart because we have the breakout with force the resistance line by a big green candle.Thanks!
−1.52USD
−83.776MUSD
39.354MUSD
69.582M
About Veru Inc.
Sector
CEO
Mitchell Shuster Steiner
Headquarters
Miami
Website
Employees (FY)
233
Founded
1971
ISIN
US92536C1036
Veru, Inc. is an oncology biopharmaceutical company, which engages in developing novel medicines for the management of prostate cancer and breast cancer. Its products include COVID-19 Drug Candidate, Oncology Drug Candidates – Breast, Oncology Drug Candidates – Prostate, and Sexual Health Program Commercial Products. The company was founded by William R. Gargiulo, Jr., O. B. Parrish, and Harry Fisch in 1971 and is headquartered in Miami, FL.
VERU Options Ahead of EarningsLooking at the VERU options chain ahead of earnings , I would buy the $10 strike price Calls with
2023-4-21 expiration date for about
$0.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Squeeze on watchVERU has a huge volume gap, 23% short float, cup and handle on the daily, with earnings coming up within 3 weeks. Might see some covering going into earnings.
AnalysisAs you see on the chart the resistance line and the support line converge. This style of chart shows us that sellers are finding it increasingly difficult to sustain their efforts. It is a pattern of running out of a bearish movement.Thanks.
Weekly rising trendVeru is going to touch its rising trend which comes from April 2019.Whenever it touches that line it bounced following weeks. If fda approval comes for EUA, it may go above $25 in a short time. The company already have 2 more drugs approved by fda. Best time to buy under $6 now. Thursday closed at $
LONG , DAILY TREND AT VERUIf yıu look at daily graph of #Veru , you can see it tocuhes daily trend line. I tried to show you in circles, whenever it touches to trend line it jumps up and make new top.
Price is $6,59 now and the first resistence area is between $8,50 - $10
I buy Veru shares from this level and wait some time
Continuation of uptrendHi.. As you see on the chart we will have a continuation of uptrend after the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume., In other hand, if the support line is broken it's mean that we will have a reversal trend.Thanks.
Continuity of a downtrendGood morning all!! On VERU we will have a big probability of a downtrend as you see on the chart. But, if the resistance line is broken with force by a big green candle with a large volume it's mean that we will have a reversal trend. Thanks. Good day...!
Analysis-Big probability of a downtrendAs you see on the chart we will have a big probability of a downtrend after the breakout with force the vwap indicator and the support line by a big red candle with a large volume. In other hand we will have a continuity of an uptrend after the breakout with force the resistance line by a big green
Analysis-Big probability of a downtrendHello! As you see on the chart we will have a big probability of a downtrend because we see a good candle with a long wick and small body with also a large volume so it's mean that sellers are pushing buyers away.Thanks.
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