$OPK Potential Long Breakout Setup
Updated
OPKO Health is a medical testing company based on diagnostics and pharmaceuticals. They also have a COVOID-19 testing kit.
During week of June 6th, Insider buying occurred with CEO, Chairman and 10% Owner Phillip Frost buying 200,000 shares at the average price of $2.35.
With COVOID-19 infections slowly ticking up in the US, we might see more demand in the company's testing kits.
OPK recently retook the 100 day MA on the weekly chart which hasn't been crossed since 2017 which could mark a strong trend coming soon.
OPK is also looking at a breakout past the hourly resistance at $2.91 and also a potential gap fill at $3.00 to a target of $3.30
Also high short interest at 29%
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
During week of June 6th, Insider buying occurred with CEO, Chairman and 10% Owner Phillip Frost buying 200,000 shares at the average price of $2.35.
With COVOID-19 infections slowly ticking up in the US, we might see more demand in the company's testing kits.
OPK recently retook the 100 day MA on the weekly chart which hasn't been crossed since 2017 which could mark a strong trend coming soon.OPK is also looking at a breakout past the hourly resistance at $2.91 and also a potential gap fill at $3.00 to a target of $3.30Also high short interest at 29%
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Note
First idea here so lets see how it goes :pNote
Reached target $3.30!!! Woo!
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