VSAR seems forming a nice fallen angel formation. We would consider Speculative $2.50 March calls, which are $0.50 now. * Trade Criteria * 1st Found- December 6, 2017 Pattern/Why- Fallen angel Entry Target Criteria- $2.50 March Calls Exit Target Criteria- Momentum Stop Loss Criteria- N/A Indicator Notes- Twiggs Moneyflow accumulation Special Note- Some recent...
Versartis Inc, had a clinical trial that failed, same deal with AXON and few others, but they still have 3 or 4 trials pending. Dont think it would fall lower. If they have trials left but not that good at these kind of plays. Keep an eye on this one forsure. Might just hold a small lot, 52 week high was 24 $.
VSAR beginning reversal of trend, looking for confirmed channel breakout on hourly time frame, then long entry after a retest of trendline. solid fundamentals with good previous qtr earnings.
Watching to see if this stock gets follow through momentum. How much consolidation is needed before another leg up? I will be keeping an eye on the 19 level to see if the stock can hold over it then look to buy dips with the trend