AXSM trade ideas
AXSM - Bill Williams - Alligator waking upSomething's up. Not sure why, but technicals turning into a perfect storm upward ...
AXSM : Golden Cross anytime soon now... and plenty of catalysts ahead for long-time investors too :D
Three of three1. I believe I see some bullish signs in the sector in general (IBB) and I want to get some exposure.
2. My friend who's doing fundamental analysis of biotech stocks, told me to look at this stock. He says they have enough money to sustain themselves for a while and some potential price catalysts in the not so distant future.
3. The chart looks to me like it could be breaking out and be on the verge of a stage transition.
That's 3 of 3, good enough bet for me to take the plunge and I bought some shares.
AXSM next to high expectations, building itself momentumAXSM is as of lately recruiting heavy hitter Executives that are extremely experienced and successful in the field of commercialisation and take-over, which seems to be the next step here.
Apart from great Intitutional Holdings, Insider Holdings and cash at hand (good to go until Q1 2019), quite some catalysts are around the corner.
Oh, and chart lookes great too ;)
AXSOME Therapeutics is a Stock to watchAXSM is a Pharma company and is discounted over 40% from its high. The stock looks to break out of its consolidation phase. MACD looks positive, Boiling Band(BB) looks impressive, and what stands out is the way stock price has crossed 50 day MA and 100 Day MA. The next few days will give a clear indication of its positive moment. However, the stock looks like its worth watching.
