PT 4.35, will probably find support around 4 @ 50 DMA on daily
PT: 4.4, will probably find support around 200 DMA on daily
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 FDA Rescinded "breakthrough" doesn't change NDA or phase 3...
Undervalued by DCF fair value=72, nice safety margin w/ Divi close to S&P avg divi yield.
+ 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.
PT $10.5 ≈22% above current float short decreased 21% since 30Nov
PT $216 or ≈6%. Also, broke downward out of diamond half mast pattern on 15 min chart today signaling continuation of current trend w/ interim PT of 226. Momentum on hourly suggests renewed negative momentum.
Closed below neckline today w/ new bearish momentum, IF it closes below 84.4 PT and HS confirmed then PT= 47 (46.5% decrease). Price action also broke below rectangle area pattern today Thor Q4 adjusted earnings decreased roughly 26% from the year-ago figure of $2.26. Net income declined to $88.2 million from $119.5 million in the prior-year quarter.
positive divergence, min PT: 2.2, watch for breakout of flag since gap down in SEP17 could result in fast upward movement.
HS PT≈116, rev growth 1.4x industry 3 yr avg. Golen cross on 50/200 DMA