LA JOLLA PHARMACEUTICAL CO - NASDAQ: $LJPC Requires Your Eyes
After breaking to higher ground back in June on large volume, shares of LA JOLLA PHARMACEUTICAL CO - NASDAQ:LJPC have been drifting in a sideways pattern consolidating the move in a constructive manner as we can observe from the Daily chart above.
With the stock trading above all of its important moving averages 20/50/200 DMA's, LJPC remains in decent technical shape, albeit, a bit of work remains.
Thus, both investors/traders may want to continue to monitor the action in LJPC moving forward and more specifically, should the stock be capable of going topside of the $10.90 figure and can 'stick', such scenario, should it develop, would likely signal/trigger its next meaningful advance with and initial objective of $14 and a secondary objective in the $16 area.
Nonetheless, LJPC continues to display fairly decent action and both investors/traders may want to put the shares front-and-center on their radars awaiting further clues/evidence that things may be about to pick-up.
With the stock trading above all of its important moving averages 20/50/200 DMA's, LJPC remains in decent technical shape, albeit, a bit of work remains.
Thus, both investors/traders may want to continue to monitor the action in LJPC moving forward and more specifically, should the stock be capable of going topside of the $10.90 figure and can 'stick', such scenario, should it develop, would likely signal/trigger its next meaningful advance with and initial objective of $14 and a secondary objective in the $16 area.
Nonetheless, LJPC continues to display fairly decent action and both investors/traders may want to put the shares front-and-center on their radars awaiting further clues/evidence that things may be about to pick-up.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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