AYTUWith an upcoming EPS to be released on the 19th, I believe this will act as a catalyst and send the trend lines at an even steeper incline. Their quarterly revenue growth for Q2 of fiscal 2019 year they gained an impressive 71%. I highly suggest everyone purchase and hold until the end of the month.
AYTU trade ideas
AYTU's exchange rate continues to decline... The target price of the current downward wave structure can be around 2.26 usd. From a level, a correction can start upwards. Its target price is 3.48 usd. Then we are expecting a significant decreasing wave from this level. The target price of this wasted wave structure is 0.73 usd.
AYTU still looks like a good swing towards the 50 emaAfter closing at .72, even with the news about .54 warrants
being issued after hours on 3-27, AYTU still recovered to .69
when the night was done. Traders should take note the
daily chart gives us lots of reasons to like this as a swing
play since March 23.
1. Higher highs and lows
2. Increasing buying pressure/volume
3. RSI approaching bullish 50 cross
4. MACD still in bullish uptrend
5. Nice ema hook in development.
6. Broke over 20ma resistance at .64
7. Price action has the 50ma at 1.29 to reach for.