AYTU trade ideas
AYTU looking for a break out A perfect ascending triangle is in the works and its a matter of days/weeks for it to possibly break out at the upside.
Most probably will do a few more re-tests on the lower trendline before it finally breaks free.
AYTU Momentum Note that the $1.30 price range is a key loading point to get the momentum required to break past the 1.80 price range , If we break past here the next point of resistance would be the 2.05 . Failing to break these levels we could see a 1.30 barcode or even a 1.20 for the comming weeks.
Targets for AYTUSuper bullish here on AYTU. We're joining the Russell 3000 Friday so we'll see more volume too! Possible CERC merger as well. Here are my Targets.
AYTU Support at $1.40I have been following AYTU for a while and if you do a little read up you will find that this company has lots of products in their pipeline, especially for the Covid19 pandemic. Over the past few months the company has been releasing news of its products and its share price has surged rapidly breaking $1 and reaching as high as almost $3. While we wait for further PR, we can see its prices to trade between $1.44 to $1.60 with $1.40 as support. After its relatively positive ER last week I do believe the $1.40 support has gotten stronger. Whether you are going long or looking to swingfor a quick profit, $1.40 is a good price to enter.
Best Penny Stocks 🚀 to buy and watch in May 2020 NASDAQ:AYTU
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Our Strategy with this Stock :
This company specializes in UV light treatment and the previous history of this company how it strongly reacted with positive news and also negative news .
I'm putting two alarms, one at 1.70 to monitor any anticipatory run up.
I'm putting two alarms, one at 1.30 to monitor if it hit the support .
What’s the real story :
The beauty of Penny stock that I trade in particular , They are ALL pharmaceutical companies. The AMAZING part is 90% of Biotech penny stocks get approved , Still there is 10% that will go the other way ! That's why I'm here for my students to scan all the markets and give them the conclusion that I personally apply .
How can you actually use this ?
We ONLY trade regarding the news ! Meaning that when we see the anticipatory run UP I start trading it and letting my students and followers take the advantage 👨🎓.
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QUESTIONS ?
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AYTU - 15 Min PR Setup 5/1/20Currently a PR Based stock. Volume = Set Ups, my opinion on possible price direction.
$AYTU: $2.50 Short Target + Long PotentialFirst off, don't take anything I say seriously or at face value, as always this is on opinion basis. That being said, let us get into the points I want to make. AYTU seems to be at one would say a sudden bullish run, as it looks like the resistance curve is about to burst. The earnings call is on May 07th, and alot of price correlations and fluctuations can change as a result of that earnings call. A $2.50 short target is feasible, and it looks like a medium risk long hold position as well.
$AYTU set for major moves today Huge speculation regarding the company over the weekend, with Social media awash with bullish calls.
$AYTU chart when it took off comparing to $BIOC come Monday$BIOC recently announced similar news about COVID-19 Tests both stocks are at a similar point (.30's) when the news broke. $AYTU went up 700% + the following trade day reaching a high of 2.90's and then settling in the 1.3-1.9 range. Might be interesting to see if $BIOC follows a similar pattern.
(: Not Financial Advise :)
AYTU Short term trend crossoverAnalyzing the short term trends AYTU following the headline "Aytu BioScience Announces First Commercial Shipment of its 2-10 Minute COVID-19 IgG/IgM Point-of-Care Rapid Test"
AYTU BioscienceThis one had large spike from 60 cent range. Currently sitting at $1.62. I say play 2.50 breakout for run long or put buy limit around 60 cents. Play this current range. Diversify
$AYTU Bull Case
Vital that point of control (redline) is reclaimed as support.
News based stock so does not respect technicals to a high degree
The bearish perspective is that Volume is declining
$AYTU can rise in the next daysContextual immersion trading strategy idea.
Aytu BioScience has a strong upward trend.
The company develops and commercializes novel products in the field of hypogonadism (low testosterone), cough and upper respiratory symptoms, insomnia, and male infertility.
Due to the spread of the COVID-19, the demand for the company's services rose.
Today Aytu BioScience received confirmation from the FDA that it may begin distribution of its COVID-19 IgG/IgM Rapid Test throughout the U.S. — finance.yahoo.com
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,85;
stop-loss — $1,65.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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AYTU Bioscience looking bullish pre market $aytuAytu BioScience, Inc. is a specialty pharmaceutical company, which focuses on identifying, acquiring, and commercializing novel products. Its products include Natesto, Tuzistram, ZolpiMist and MiOXSYS. The company was founded on August 9, 2002 and is headquartered in Englewood, CO.
Aytu BioScience, Inc Support | Resistance $aytuAytu BioScience, Inc. is a specialty pharmaceutical company, which focuses on identifying, acquiring, and commercializing novel products. Its products include Natesto, Tuzistram, ZolpiMist and MiOXSYS. The company was founded on August 9, 2002 and is headquartered in Englewood, CO.
AYTU Ten Mill FloatAYTU gapped up this morning pre market due to positive news regarding their topical gels. The share float is at 10.75M, and the market cap is 26.89M. Watch my full video review for $AYTU by using the link in my signature description!
