This is a pendulum pick that I've gotten a couple times now. I have it on my calendar for tomorrow for some possible entry or action. I received it last week or Monday (can't recall), then again today. I seldom look up companies, but today I did look under "news", and a week ago there was an article from zacks (via yahoo finance) that headlined the "surging" IV in...
Xeris Pharmaceuticals Inc (NASDAQ:XERS) It was mentioned last week as a potential breakout play and it did not disappoint us. The stock finally broke above the key resistance line of this sideways pattern yesterday on a move up 49 cents to $4.81. The volume was what we want to see when a stock breaks resistance. Let the 200-day EMA (purple line) be your guide.
Xeris Pharmaceuticals Inc (NASDAQ:XERS) Will it break up this resistance level next week? The stock has been forming a bullish flag trend continuation pattern for the past several days, just under the 200-day EMA with a 4.42 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistance around 5.09 Long setup on watch.
I getting long Xeris Pharmaceuticals, Inc here.
I have been bullish this stock for a while and like the price action right here.
As always stop losses and limits will be also down to price action.
TLDR: Long XERS above 4.26, expecting dip on monday before move to 5-5.35 by thursday.
XERS has been hype for a few days now, and based on the broader price levels, there's a potential elliott wave forming.
Pattern:
(0) Move started on the 2nd.
(1) Hit this in friday, 4th in AM, so we're lookin at around 2 days per step.
(2) Shorter leg so a perfect retrace...
The current price is at the POC line (YTD) and the RSI is at 38. Also the MACD crossing has me feeling bullish.
I feel this is a good entry with low risk. I will buy my first lot tomorrow if it opens green and add additional shares at $4.91 when it moves as anticipated. Hard stop at $3.98
Targeting recent high $7.94
Analysis: *note. I entered this trade on 2/4 @ 6.58. Analysis done for that date.
Daily chart- After long downtrend, price in sideways market between 1.55-5.89 for 316 days. Price has made a series of higher lows into resistance creating a trendline support level. This shows bull strength from the buyers willingness to buy at higher prices. Since 12/15, price...
