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Xenon Pharmaceuticals Inc.Xenon Pharmaceuticals Inc.Xenon Pharmaceuticals Inc.

Xenon Pharmaceuticals Inc.

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XENE trade ideas

$XENE showing signs of going higher after a long consolidation!Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to the 50 day line * If you're looking for a better entry you can look for one around the $32.76 area as that seems to be a pivot * This stock usually has local tops when the price closes around 33.16% above its 50 EMA * Consider selling into strength if the price closes 32.96% to 33.36% (or higher) above its 50 EMA * The last closing price is 10.55% away from its 50 EMA
NASDAQ:XENELong
by HaseebKhan_90
XENE, Triangle Descending (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 70% TARGET (EXIT) PRICE = 12.07 USD BREAKOUT (ENTRY) PRICE = 11.44 USD DISTANCE TO TARGET PRICE = 3.89% EMERGED ON = Sep 29, 12:00 PM (EDT) CONFIRMED ON = Oct 02, 09:43 AM (EDT) WITH CONFIDENCE LEVEL = 79% The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-­sloping top line (2, 4). The breakout can either be up or down, depending if the resistance or highest support level is broken first. This pattern is commonly associated with directionless markets since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height from breakout point. For upward breakouts the level is the highest high within the triangle (2). Pattern height is the difference between the level of the bottom horizontal line and the highest high. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
NASDAQ:XENELong
by AlTorress
1
XENE - fallen angel pattern Long from $2.91 to $3.43 XENE seems breaking out of its downward channel formation. Twiggs money flow crossing to the positive side, and it has insider buying. We think it has good upside potential. * Trade Criteria * Date First Found- December 26, 2017 Pattern/Why- downward channel breakout, fallen angel pattern. Entry Target Criteria- Current price ($2.91), Ideally look for a pullback Exit Target Criteria- 1st Target $3.43, 2nd Target $4.43 Stop Loss Criteria- N/A Indicator Notes- Very strong Twiggs money flow index. Special Note- Some insider buying Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:XENELong
by AcornWealthCorp