A short-term trading idea for peregrine Pharma
Peregrine looks to be setting up for a nice trade. If the PPS does get to and sees support at ~$1.60 area, we could see a pretty quick move back to ~$1.91 area. Peregrine has seen a big increase in short interest in the last couple months.(8,852,918 reported Jan 15 / 2014 & 15,974,009 reported Apr 30 / 2014.
As with ALL biopharmaceutical companies, Peregrine moves with news and that would render his technical analysis useless. Lots of risk here so do your proper diligence study.
Happy trading folks.
As with ALL biopharmaceutical companies, Peregrine moves with news and that would render his technical analysis useless. Lots of risk here so do your proper diligence study.
Happy trading folks.
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