$ATRC - add to watch listThe stock has been declining since November 2021. I see its downside target as an uptrend line with the price at $56.7. There I would consider buying, as the stop will be small, with the subsequent growth to the level of $69 At the moment, the 100W EMA provides support. My opinion is to put it in the WatchList.
ATRC trade ideas
ATRC bounces off support, going higher on bullish momentumHistorically, $22.50 is a very significant level for ATRC. It was former resistance at the beginning of 2014 and end of 2015, and is currently support for the current rally upward. We have already bounced off that level and the most likely outcome is the trend continuing upward to a target of $26.32. Here's the trade:
Buy: $23.45
Stop: $22.50
Target: $26.32