$OSUR can fall in the next days
Updated
Contextual immersion trading strategy idea.
OraSure Technologies, Inc., together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices.
The share price fell after the company announced the pricing of an underwritten offering of 8,000,000 shares of its common stock at a price of $11.00 per share.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $11,93;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
OraSure Technologies, Inc., together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices.
The share price fell after the company announced the pricing of an underwritten offering of 8,000,000 shares of its common stock at a price of $11.00 per share.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $11,93;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade active
stop set at $12,01Trade active
stop set at $10,95Trade closed manually
$11,5
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