Ardelyx, Inc.Long
ARDX Post Sell-Off ANALysis
Following the negative news that sent this stock into an 82% tailspin there is no viable buy signal aside from a simple long-term play.
Trend is continuing downward slowly. Has yet to find a solid support zone.
By way of Analyst Consensus, upside is above 100% but may take 12-months to materialize.
By way of previous share price average, upside is close to 500%. Not likely to happen within a year.
Ultimately, this stock needs a strong positive Catalyst.
Another negative Catalyst will undoubtedly send this stock below $1.
I believe this is a good long-term play for 100% or better, just don't stare at the ticker too long.
Trend is continuing downward slowly. Has yet to find a solid support zone.
By way of Analyst Consensus, upside is above 100% but may take 12-months to materialize.
By way of previous share price average, upside is close to 500%. Not likely to happen within a year.
Ultimately, this stock needs a strong positive Catalyst.
Another negative Catalyst will undoubtedly send this stock below $1.
I believe this is a good long-term play for 100% or better, just don't stare at the ticker too long.
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