Neutral pattern until decisive close outside pattern. SP is near bottom upward monthly trendline. May be a good buying opportunity for a decent long term dividend paying stock with divi growth of 9 years.
PT1 - 13.59, PT2 - 12.97. Pattern not confirmed valid until price closes below neckline.
volume profile and MACD direction would indicate that a spike is coming to retest 16 prior to resuming downward trend.
short float @ 23.8%
Chart looks primed to run.. PT 2.8-3.4
Golden Cross on hourly next week probably
MACD right* below 0 trending upwards on Daily (+ Divergence)
LOW Float 1.4M
Announce $2 buyback.. what % of float is that?
Price crossed 50 and 200 2 times and closed above 50 and 200 on hourly.
FDA Rescinded "breakthrough" doesn't change NDA or phase 3...
+ Divergence on MACD from price .
When it closes above 3.5 expect it to move fast.
-Next ER coming up will be 3rd consecutive quarter of realized Revenue.
Insider and Inst buying over last 6 months bodes well for Verastem.