ESPR a penny and medtech stock LONGESPR on the 120-minute chart is surging with momentum from an FDA approval for a new
cholestrol and lipid medication which will be an alternative to the at statin class which has
side effects and can cause diabetes. I am familar with a few of the professionals on the
science advisory board they are researchers and academics of the highest claiber. The chart
shows price testing and getting support from the mean VWAP and a little bit of resistance
from the first upper VWAP line. I have added to my existing position at the consolidation at
VWAP. I am well informed on ESPR market prospects; this could be disruptive.
The dual time frame RSI of Chris Moody has curled up and validates the idea. My interim
target is the double top of this past winter. I do expect increasing volume in time with the
price action that follows.
Disclaimer This a hot penny stock highly volatile - you could lose on this trade. Do not trade
with money you cannot afford to lose. You must manage the trade well to realize profit.
There are options if the put to call ratio is rising big money is pushing a reversal
ESPR
OCGN pumps on dismissal of investor lawsuit LONGOCGN has been a great swing trade after buying bad news. The good news has replaced the
bad. Earnings are in three days. Price well below ATH. November earnings were a beat
meaning this risky Med Tech penny stock had a lower cash burn than projected. Now
legal costs will disappear. Going long with a decent position expecting a better earnings.
In law, the Latin phrase res ipsa loquitur is sometimes used. Here it aptly applies to
Ocugen.
Preparing for Earnings Season: ESPRStocks that are reporting earnings in 3 to 4 weeks can be monitored for pre-earnings runs.
ESPR had momentum runs recently, as marked by the candlestick patterns within the green rectangles in this chart. A shift of sentiment can be seen in the bottoming pattern with Accumulation/Distribution indicators (the area between the blue rectangles).
Often, when an earnings report is going to be great, then the company tries to leak it out subtly. IF earnings were to be negative or below expectations, then CEOs would be warning.
No need to go looking for analyst recommendations, everything you need is in the charts.
Focusing on the charts, rather than on the commentary around the market, will help you find the stocks that will be lucrative for trading this earnings season.
Eyes should be washed, to see things in a different way.Eyes should be washed, to see things in a different way.
Words should be washed
To become the wind itself, the rain itself. (Sohrab Sepehri)
I shared this watchlist on Friday, October 29th, 2021: I mentioned the Short Squeeze Season has just started..!
www.tradingview.com
Today 42 out of 50 stocks on this list are positive! (84%), 1 closed at 0,( 2%), and 7 Negative (14%)!
This 84% is way above 50/50 chance of probability happening!
However, I do not promote longterm investing in these tickers..!
These assets are heavily shorted and when short sellers try to cover their position and this could lead to bullish spirals in some of these tickers!
Be careful, It is also not recommended to invest more than 10% of your trading capital in this group!
These assets are so volatile and their bullish trend will not last long!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
short sellers will hurt bad in this one!Market Cap: 370 M
Shares Outstanding: 28.2M
Average Trading Volume (10 days): 451K
Shares Short: 28 M
Short Interest(%): 31.4%
Days to cover: 15.4
Change in Short Interest: -35
Ownership Breakdown:
Institutions: 93.1%
General Public:
Hedge Funds: 5.6%
Individual insiders: 1.3%
Sum: 100%
Option profile:
Total OI:
Put Call Ratio:0.63
Put OI:
Call OI:
Highest Put:20
Highest Call:17.5
Max Pain: 17.5
Open Int (30-Day): 20.3K
With zero general public ownership, this will be a battle of hedge funds when they want to cover their shorts..!
I wonder how they will cover the 30% short interest when 93.1% belongs to institutions???
$ESPR Short squeeze - 1 D Candle I think ESPR could start to get interested in this level .
- After a long decline from the peak ($ 40) this year, on 27/1/2021, we are now witnessing a consolidation in the price level.
- I do not look at fundamental information, only technical data .
Indicators :
* EMA21 is the purple line
* EMA9 is the green line
* Consolidation at Slow Stochastic
* RSI begins to change direction
- 26.23M short float (low float)
- Setup: Falling Wedge
- Short floating percentage 32.48%
- Above the consolidation at 15$ squeeze can happen
* It can be very aggressive .. think of all the Short's sellers who will have to cover positions after they see a price level break after consolidation ...
* No financial advice just my personal opinion, make your own DD!
ESPR Technical Analysis 🧙Esperion Therapeutics Inc is a pharmaceutical company. It specializes in developing and commercializing oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol. The firm has Business of researching, developing and commercializing therapies for the treatment of patients with the elevated LDL-C operating segment.
If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Esperion Therapeutics Analyst Ratings In February 2020, both Nexletol and Nexlizet were approved as oral treatments to lower LDL-C. Bempedoic acid remains in clinical trials of its efficacy in risk reduction for cardiovascular disease.
Esperion shares peaked last February, after the FDA approvals, but since then, the stock has declined. Shares are down 65% since their peak. (tipranks.com)
Analyst ratings:
11/10/2020 Credit Suisse Group $45.00
10/15/2020 Bank of America $52.00
9/29/2020 JPMorgan Chase & Co. $35.00
8/11/2020 Needham & Company LLC $158.00
8/10/2020 Stifel Nicolaus $75.00
Today`s price: usd27.71
Please leave me a message if you want to test the buy and sell indicators that i am using.
ESPR enters Uptrend as Momentum ascends above 0 level (09/29/20)This indicator may be signaling that ESPR's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron A.I.dvisor backtested 96 similar cases where ESPR's Momentum Indicator exceeded 0, and 84 of them led to a successful outcome. Odds of Success: 88%. urrent price $37.50 crossed the support line at $36.87 and is trading between $37.81 support and $36.87 support lines. Throughout the month of 08/27/20 - 09/29/20, the price experienced a +10% Uptrend. During the week of 09/22/20 - 09/29/20, the stock enjoyed a +0.13% Uptrend growth.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 49 of 57 cases where ESPR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 29, 2020. You may want to consider a long position or call options on ESPR as a result. In 84 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
The Moving Average Convergence Divergence (MACD) for ESPR just turned positive on September 25, 2020. Looking at past instances where ESPR's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 33 of 39 cases over the following month. The odds of a continued upward trend are 85%.
ESPR moved above its 50-day Moving Average on September 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESPR crossed bullishly above the 50-day moving average on September 28, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 14 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 82%.
Following a +6.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESPR advanced for three days, in 267 of 310 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
ESPR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 174 of 212 cases where ESPR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.
ESPR shortI trade charts not fundamentals, this thing had ugly earnings and a Trump rumor of approval of cholesterol-lowering treatment drug make this run 300% in past 2 months. 30.5s is the big resistance, RSI peaking 80 3 times, this thing will correct soon.
short 30.5, stop 31.5, don't marry it, it was breaking higher 2 times already, this thing was holding 9 EMA really well. so our first take profit will be there 9 EMA, or 26s whatever occurs first, and then 21.75s. is really a good r/r opportunity.