ALRN had some weekend news. Will be interesting to see if it can break above a near-two-year resistance level. I didn't show it all the way back to November of 2018 but if you take the chart out further, you can see this level holding as resistance.
"Saturday, the company announced new positive clinical data from its ongoing Phase 1b trial. The trial...
The price tested the trendline and the 50 day ma to close above the .23 fibonacci level and right on the 20 day EMA. Resistance at 1.38, first target of 1.48 second at 1.68
Multiple upgrades post earnings
JonesTrading analyst Soumit Roy reiterated a Buy rating on Aileron Therapeutics (ALRN) today and set a price target of $5.00. The company’s shares closed last Tuesday at $0.66.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 12.4% and a 49.6% success rate. Roy covers the Healthcare sector, focusing on...
On a Beginning start of a TOP pattern this could be a dollar move and make a quick 50$+ depending on trade size of course.
TOP patterns are vary reliable but we are looking at the past and the Volume and float also. its looking good. lets see how this runs make sure
you add a stop lose to your charts always cover your trades. safety first!
