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Amphastar Pharmaceuticals, Inc.

AMPH Short-Term Short, Long-Term Long

By Cetan
Updated

Neutral Swing
  • Short from 15 to 13.80-14.00 support zone.
  • If 13.80-14.00 support is held, take profits and long to 16.50 price target.
  • If 13.80-14.00 support is broken, maintain/add to your short position, cover at 12.50 price target.


Bullish Swing
  • Buy at ~13 if support is held.
  • Sell at ~16.



Do your due diligence.
Trade biotech/pharma with no fundamentals = get burnt.
AMPH is mostly generics, no IP protection, watch for competition.
Trade active
Trade closed manually
Cetan

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