Get started

PGNX

PGNX - DAILY CHART Hi, today we are going to talk about Progenics Pharmaceuticals and its current landscape. Progenics Pharmaceuticals, the oncology company, has received attention lately as the Cancer - Drug Race heats up, in the middle a day of the announcements of a $5.2 billion total in Acquisitions by big names of the pharmaceuticals sector, such as Merck & Co. and Sanofi, that had made strategic movements on the oncology sector. Progenics Pharmaceuticals has soared after unveiled that its late-stage trial of a treatment for prostate cancer met its primary goal, the data push the company forward, as the sector becomes more and more competitive. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
P
by Igor-Silva
PGNX - Bullish Momentum Found - Bullish RSI SeenProgenics Pharmaceuticals, Inc. engages in the development of medicines and other products for targeting and treating cancer. Its pipeline includes therapeutic agents, imaging agents for prostate cancer, and imaging analysis technology. The company was founded by Paul J. Maddon in 1986 and is headquartered in New York, NY. SHORT INTEREST 10M 07/31/19 P/E Current -4.44 P/E Ratio (with extraordinary items) -4.23 Average Recommendation: BUY Average Target Price: 9.38
PLong
by DEXWireNews
PGNX TRADE UPDATE POTENTIAL LONG PGNX POTENTIAL LONG I had made a post on August 28th for a potential long opportunity on this pair. After letting the market play out for a few days it has given me a better structural trade and better looking potential long opportunity for what I like to trade. This pair had made a strong push from the $7.30 price area to the $9.30 price area back in late July to late August. This strong push had been a point of interest for me due to the fact that momentum is a big tell on what the market may potentially do and where it could potentially go, so I waited to see what the pullback entailed. Always remember trading is about probability, nobody could for sure 100% guarantee what the market is going to do next so it's our duty as traders to only trade setups that have a good probability to go in the favor we have analyzed it too. So here is my next thought for this pair. 1D Chart: *on this time frame chart it had displayed a very strong and healthy push by the buyers back in late July and early into August *the momentum of the push had been a strong buyer momentum push showing strong interest *the pullback on the 1D chart by the sellers had been clearly weaker than the push to the upside (better probability) *once this pair had pulled back almost 100% you can see it started to form an ascending trend line with interest from the buyer 4H Chart: *on this time frame chart it shows how once the pullback had occurred the buyers started to take interest again by forming an ascending trend line with stronger momentum on the buyer side *this displays the fact that the buyer may most definitely be still interested in purchasing this pair (now at 100% discount from peak) *watch how price reacts at this ascending trend line and look for strong buyer interest again at the trend line Based on the setup of this trade, I dont usually give stop losses because risk is different for every trader, but if price hits 7.50/7.10 price level I would hold off on looking to go long on this pair. But aside from that as long as its above that price and we see that strong buyer interest again look for this stock to make a nice push to the upside. Remember ALWAYS have a trading plan when approaching the markets. You never want to come into the market unprepared because it will take your $ every single time! ALWAYS make sure to also implement proper risk management never risking more than 2% of trading capital as well as a good risk/reward ratio to make your trades more statistically probable for profit. Cheers! Keep an eye out !
PLong
by JosePips
3
PGNX POTENTIAL LONG PGNX POTENTIAL LONG 1W Chart: * on the weekly chart if you look at recent data it is displaying the fact that the recent buyers are a lot stronger than the sellers *one candle up from the buyer took out 6 candles down from the sellers 1D Chart: *on this chart it is displaying the fact that the recent buyer had pushed price up above 4H structure and seems to be holding above this level *the momentum on the daily chart also favors the buyers, giving us a higher probability for the long side trades 4H Chart: * on this chart it is displaying that price has broken recent significant structure and has been holding above this level * yesterdays candles display a weak re-test by the sellers into that recent 4H structure point 1H Chart: *use this time frame for accuracy of entry as well as risk (stop loss) ALWAYS have a strategic trading plan when approaching the markets. You want to stay disciplined to your plan no matter what the conditions are. ALWAYS remember trading is about probabilities, nobody knows with 100% certainty what the market will do next but with good probabilities on your side as well as proper risk management it could lead to a profitable and consistent path of trading. Cheers! Keep an eye out! PLEASE like and follow me here on TradingView for more setups!
PLong
by JosePips
2
BOUGHT PGNX COVERED CALLDid this little fella shortly after open ... . It popped up on Dough's High Options Volume Grid with a rank of 100 and an implied volatility percentage of >100%. Bought 100 Shares at 5.31 Sold the August 19th 6 call Whole Package: $463 (so 4.63/share is my cost basis in the stock) Max Profit: $137 if called away at $6 ... . Notes: Most people use covered calls as part of a longer-term investment strategy for underlyings that they want to be in as "investments." Naturally, you can do that, too, but here I'm just looking at this as a "trade" while I twiddle my thumbs, waiting for VIX to show some signs of life for my usual bread and butter trades ... .
PLong
by NaughtyPines