AKBA - Flag formation Momentum Long from $15.60 & $15 Oct Calls
AKBA had a good upward run forming a fallen angel formation, and now after some consolidation it seems getting ready for a second run.It has a fair amount of insider buying going on. We think it has very good upside potential if it can break around $16.60. To play this we would consider October $15 calls, which are $1.45/$1.75
* Trade Criteria *
Date First Found- August 24, 2017 (Intraday Alert)
Pattern/Why- Flag formation; Fallen angel formation continuation.
Entry Target Criteria- At current label ($15.60) (Hti August 24, 2017)
Exit Target Criteria- Momentum
Stop Loss Criteria- $ 14.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- August 24, 2017 (Intraday Alert)
Pattern/Why- Flag formation; Fallen angel formation continuation.
Entry Target Criteria- At current label ($15.60) (Hti August 24, 2017)
Exit Target Criteria- Momentum
Stop Loss Criteria- $ 14.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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