ALT breakout ideaALT has some stuff going for it and of course a bit going against it. The diabetes / obesity drug thing is fading and other stocks that got a boost from the trend are going down. But ALT did not get a sustainable boost from it and it has some stuff in the pipeline. Granted it is pretty much all it has. So the hope is a hype around what ever they got going on and that maybe institutions can "pump" the price up so we can finally get some big returns on this annoying stock. UBS set a price target at 26 and some other not so well known bank or research firm set a similar price target. So maybe trim down around that price. But who knows where it will go. But we do seem to have a breakout and as long as we stay above 8, id argue its sustainable trend upwards.
Max pain is in my opinion at 5 bucks because if we go below that, then we are in a breakout downwards instead of upwards.
Good luck out there and remember these are just my ideas and opinions. You do your own choices and your own mistakes. Just look at my history and youll realize im a moron. Cheers
