COGY a biotechonology stock is doing what others in the sector typically do in their performance when they ignore general market dynamics and often hold up in recessions. COGT has 4Xed since May earnings so ALPHA is high. Right now the RSI is down trending so showing bearish divergence. Additionally, the mass index went over the threshold and then under the...
COGT has been trading in the range during 7 months. Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level. Potential profit: 1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28. But I would not bet on buying cheaper than 9.00 as it is where it meets MA200,...
COGT seems forming a flag formation. On the other side it has a tones of insider buying. Executive Chairman of the Board picked up around 20 million worth of shares just week ago. There are some other insider buying as well. Overall it seems very interesting Long set up. * Trade Criteria * Date First Found- March 28, 2017 Pattern/Why- Flag formation Entry...