I think Lantheus may be worth a look here. A six month chart indicates a nicely formed cup and handle formation recently. It jumped up on February 22nd, after turning in a good quarterly report. Looking at a longer term chart (a few years) it could be a nice double bottom LT.
All bets are OFF, with a close below $52/share.
Disclaimer: I am neither long or...
Potential support in short or middle-term (2-5 days) based on option market sentiment IF down move.
Option will expire 18-Aug-23 but scenario should be realize before the date.
Also, we take into consideration VWAP uptrend below support area.
Option Sentiment Source: CBOE exchange
We do the best research as we can to find new opportunities in the massive...
Normally I use pure price action to make my trades. This however, is a pattern I've noticed based on some of my best trades over the past year with probably about an 80-90% strike rate when I find one.
So let's call it the "Bullet Catch Pattern".
You notice that over a large number of candles, price has done a slow, steady reversal in either the upward or...
I extracted MACD Golden-X tickers from from the ones having relatively higher O'neil ratio.
LNTH
OVLY
STVN
TPH
VRTX
*Note:
IBD tells "Market in confirmed uptrend(Green sign)"
VIX shows 19.97. VIX<20
Almost no impact of FOMC, CPI, Jobless rate this week.
LNTH recently purchased cancer drugs license which are in the Phase 1 with FDA, that look promising. The company raised some cash through senior convertible notes. Quarterly revenue grew 134% YoY to $239.3mm, driven by strengths across the portfolio.
Management raised Q4 and FY22 guidance to the upside from the top-bottom lines. Last ER looks like: Lantheus...
$LNTH Breaking above a resistance area today on higher-than-normal volume. We are only 45 minutes in and traded 633,000 shares. 10-day average is 1,066,000. Trying a starter position here. I’ll put my stop on a close under the 8 EMA which pretty much coincides with the low of day. Let’s see what happens. Ideas, not investing / trading advice.
Pilot position just to have some exposure as the market is trying a reversal. The big portion of the CPI was on energy and food, and oil, wheat and commodities are crushing. I expect this to be the peak of inflation so im going to be prepare for a new risk on bear market rally.
$LNTH is getting very squeeeezed here
A bit strange it has not participated in recent bounce.
Its getting ready to snap either way. Hugging the 50 MA for extended time (like here), is not necessary very encouraging.
$LNTH still one I am watching
Held up relatively okay around its 50 MA while the general market made a new low.
Its been trading tightly putting in an inside week last week and a tight trading range.
Uptrend on weekly and daily. HH HL HH HL. Expecting a bounce off the zone where it's currently at, as it closed as a hammer on the daily. A lot more open interest and volume on the call side. The only thing I don't like is the spread on the options isn't too tight. Trim as it hits the next zone and my main pt is the top of the last higher high.
LNTH Power Play(High tight Flag) gets tight and offers entry. It has a nice shakeout that helps the pattern because it was wedging. This is a very competitive industry with low margins but the price action is very powerful so giving the benefit of the doubt.
