AVEO
AVEO $AVEO this is the case of easy money on a bounce.... Every time this stock reaches extreme oversold levels, explode higher..... they sell, I buy here...
AVEO Fake Out? Or Consolidation Before Another Breakout?Aveo recently announced that the Tivozanib drug , in its second analysis, showed an improved survival hazard ratio. This penny stock news prompted the company’s stock to fly over 60% from Monday’s opening bell to Tuesday’s premarket high of $1.10. But just as quickly as it jumped, AVEO pulled back aggressively during the last 30 minutes of trading on September 10. Good Phase 3 news? Seemingly so but will profit taking crush the hopes of this breaking beyond $1 for good?
Chart indicates possible technical levels and it seems that around today's high is one of those levels.
"Biopharmaceutical company, Aveo Pharmaceuticals Inc. ( AVEO ) is pursuing treatment plans for different tumors. The company has 4 treatment plans in clinical trials and 2 additional ones undergoing pre-trials. Aveo’s lead product, Tivozanib, has completed the clinical trials and has been filed and marketed."
Source: A List Of Penny Stocks To Watch As They Approach September Highs
AVEO downHey guys, sorry I haven't posted in a while! I'm phasing in to the stock market because it's not so technically influenced; I like the fundamental side but not so much fundamentally inclined. Anyways, technical points AVEO will go down and Zacks Rank #4 means SELL! Do not long AVEO until it retests the support!
Do your own research. Good luck.
$AVEOMACD divergence with a drug approval coming at the end of the month and has a potential buyout coming.
