Akorn
5% FIB from all time highs, is a 3$ retest for Akorn5% FIB from all time highs, is a 3$ retest for Akorn
AKRX BUY (AKORN INC)Hi there. Price is forming a big reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Watch strong price action at the current price for buy.
My analysis was spot on.Look at mye previous analysis of Akorn, this went exactly as forecasted. Hope some of you rode the 12% move up today.
ENTRY! Akorn Inc. If you like the analysis, Please Like and Follow me for more.
View my previous post of Akorn inc. I evolved the bull flag slightly and found the bottom line the flag respects. An entry at current price would be ideal.
Akorn Inc. LongThe price of akorn inc. recently dived due to the news of possible bankrupcy, in addition to a Head and Shoulders pattern. Price has most likely reached its low and will likely impulse in a new continuation, confirming the Bull Flag. Price has also hit the bottom of a high time frame expanding structure and will likely go a lot higher. Many sites and analysts indicate that the stock is underpriced, good short/medium term hold, but is something of a risky trade. First target will be around 25%.
AKRX Island bottomAKRX can be observed as detrended from its major trendline formed. However this may be recovered with the formation of an island bottom just below the trendline, potentially pushing the price back up into the buy zone. Islands are very predictable chart patterns of reversals in bullish markets (23/24) according to ‘Encyclopedia of chart patterns’.
Long AKRX (Akorn Inc) Short PKD (Parker Drilling Company) SpreadThe Long/Short Equity spread of AKRX/PKD has just broken out to a new high and finished Friday's trading session at the high of 12.82.
Akorn Inc (pharmaceuticals) has reported consistently good earnings with an EPS change of 80% in the last quarter and also an annual ROE (Return on Equity) of 27.1%. It trades at a slightly higher P/E ratio of 48 which has been justified so far by the continued increase in EPS, with the next results due in March 2015.
Parker Drilling is one of many oil sector stocks which is now trading at a 52 week low with poor EPS results and an outlook to match. Trading at only $3, one may ask how much lower it can go although there is no sign of let up on the price of oil just yet and so oil sector stocks will continue to match accordingly.
It is just as easy to substitute this stock for many others in the same sector, such as OAS for example.
