EDAP ReversalThe macd is about to cross and the price has consolidated at the 200 MA for several days straight with the 200 appearing to offer support.
The price is still well bellow the POC line YTD which in my opinion makes this a low risk entry.
Likely resistance at 6.96 and a first target of $7.74
EDAP trade ideas
$EDAP Strong Trend, Growing Stronger EDAP TMS SA is a holding company, which through its subsidiary engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology. The UDS segment focuses in the development, marketing, manufacturing, and servicing of medical devices for the minimally invasive diagnosis or treatment of urological disorders, mainly urinary stones, and other clinical indications. The company was founded on December 3, 1979 and is headquartered in Vaulx-en-Velin, France.
SHORT INTEREST
51.91K 09/30/19
P/E Current
-348.94
Average Recommendation: BUY
Average Target Price: 5.87
EDAP - Panic Entry 4.03Looking for morning panic at 4.03 for a nice bounce of 10-20% nice multi green days here is not tomorrow will be stalking for first red day as this is due for some consolidation after recent earnings reportings, things to consider thou is under 1% of the float is short so there are more longs in here if the big is big enough the buyers will be the ones to set off stop losses as interest on the dip entries may be a cause for bounce
EDAP up huge on FDA clearance EDAP has recieved FDA clearance on its prostate device. With a price target of $6 this has room to run. Shorts could get trapped. A mourning dip got caused some panic but it appears to be holding the $3.70 range and looking to setup for another break out after the rsi cools down a bit.