Bull Flag consolidation.
- Double top rejected at long term resistance of $9.09
- Fell through $7.31 support
- Bouncing off lower falling channel.
- Multiple falling wedges inside large falling channel.
Target: $11.32
Stop Loss: $5.65
Merrimack Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company, which engages in discovering, developing, and commercializing medicines consisting of novel therapeutics paired with diagnostics for the treatment of cancer. Its pipeline includes MM-131, MM-141, and MM-310. The company was founded by Anthony J. Sinskey, Gavin MacBeath, and Ulrik B....
Shareholders of $MACK are getting a $20 million special dividend.
The special dividend is payable on September 5, 2019 to stockholders of record as of the close of business on August 28, 2019. The ex-dividend date for the special dividend will be September 6, 2019, the first trading day following the payment date. Stockholders of record on the record date who...
MACK had a huge run forming a fallen angel pattern recently & now seems getting ready for a second phase run.
We would like to see break out of MA100 for long entry, and our first target is 5.93
Earlier today $MACK spiked towards the 6.50 area (half dollar resistance) and then on the daily it spiked into the 200ma and failed. It has pretty good resistance in that area so i'm looking to see if it will spike up towards the 6.50's area tomorrow and then i'll go short!
