Long pulm breakout continuationbeen watching pulm for continuation and we have nice volume confirmation on the pivots with breakout, retesting breakout line and 50dma stock should go higher
PULM trade ideas
PULMPulmatrix Inc. (PULM) develops therapies for the treatment of pulmonary diseases. It came public above $20 in March 2014 and entered a severe downtrend that continued into the start of 2017, dropping to an all-time low at 50-cents. The stock went vertical in early February, after meeting Nasdaq exchange compliance issues, and stalled following a 950K secondary offering at $3.50. It looks like new supply has been absorbed, favoring continued upside that could eventually reach double digits.
PULM Two scenarioIf we break the support box ( 3.18-3.05 ) , we will sell short to the 1.81
if the price hit the support box and pull back , he may retouch the top and making some double top
PULM 2/2/2017 bought at open sold at 5 break PULM has been a monster these past few days kept a close on it during the open and scalped the 5 break. Sold half and rode the rest to 6 and didnt touch it. Alot of the other students bought this big dips at 10 and 1030 but we advised to get out after 12 has there was a change in trend.
