ACAD trade ideas
ACAD SOME GOOD LONG AND SHORT SWING #ACAD - ACADIA PHARMACEUTICALS INC - SHORT AND LONG SWING
HAD SOME GOOD SWING GOING ON HERE WITH THE 50 EMA CROSSING 200 EMA AFTER BOTTOMING OUT
AND CLOUDS DIVERGENCE ABOVE THE KUMO
SOME MORE SWING DOWN AND UP BEFORE WE TEST THAT RES / SUP LEVEL AND FIND A NEW CHANNEL UP
ACAD - Short Resistance appears to be holding at the $34 mark, appears to be overbought on RSI.
Executed at $34.10
Buy Setup on Base with High Volume + Social BuzzBase with clear Divergence
Gap Up YDay on High Volume
+824% unusual Social Volume
News on Parkinson treatment
BOUGHT ACAD APRIL 15TH 11 SHORT PUT TO CLOSEClosed this out for 50% max profit on this 17% plus up move. When the market gives you 50% max in a few days, you take it and run .... .
The original fill was for a 1.12 credit, and I covered it for a .55 debit, resulting in a profit of 1.12 - .55 = .57 ($57/contract).
SOLD ACAD APRIL 15TH 11 SHORT PUTCredit goes to TurboTech for this particular idea, which passed under my radar ... .
With an implied volatility rank of 89 and (yes, your eyes don't deceive you) an implied volatility of 259% , ACAD is ripe for premium selling.
Here are the metrics for the setup:
ACAD April 15th 11 short put
Probability of Profit: 78%
Max Profit: $111/contract
Buying Power Effect/Max Loss: ~$990 (In this particular case, your max loss (which would occur if the stock went to "0") is the value of the strike ($11) minus the credit received for the short put ($1.11) or $9.89 times 100 shares or $989.
Notes: I'm going to keep an eye on price here and may look to take it off at something exceeding 50% max if I can. It is, after all, $9 below current price and some $4.50 below the 52-week low ... . I put this on earlier today for $112, but it's possible that you could get a fill for more than that with this little down turn we had today.
ACAD - breakout from consolidationThis stock has been consolidation for almost throughout the year. Now, it has broken out on the upside. This is a buy signal.
$ACAD - ACADIA is shaping up to revisit the $30's to stay...?ACADIA looks ready to move to new highs. Plenty of digestion and back filing the past year and I am seeing more commitment in the intraday price behavior.
I believe at the very least there is a swing trade to the mid $30's here with plenty of catalysts to take this company much higher next year.
I took a long position again today at the open, average cost $29.0391.
ACAD - great chart but weak fundamentalsPullback
Status: Watching
Technicals:
Horizontal S&R: yes
Channel S&R: yes
MA S&R: yes
Pearson's R >= 85: yes
Price within Fib Ret..62: yes
Stochastic turn/crossover above 80%: yes
AO pullback >0<1.38: yes
Fundamentals:
IBD EPS Rating: 2, horrible
IBD SMR Rating: E, horrible
Acad continuation in the channel and a breakout soon?Could continue accumulation in the channel shown , and a breakout over the previous resistances possible in 7-10 trading days.
ACAD bear flag breakdownACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance.
Today ACAD triggered ENTRY short below consolidation support at $19.00ish area.
TARGET is April's low at $15.58
STOPs above 21 moving average
Will Acadia Pharmaceuticals raise?I had entered in a Call backspread (short call $23 (7) and long call $24 (10)), three days ago. Two days ago the underlying had risen to $25. To became delta neutral I have gone short with another $23 call.
$ACAD - OpportunityHere is a great opportunity to buy some $ACAD... you better hurry because tomorrow may be a very profitable day.
ACAD low risk long entryVolume and price patterns in ACAD are giving me a reason to enter the market here.
ACAD is trending strongly on a longer term basis. Price momentum on a quarterly basis is solid and it is retesting the breakout level after a tough week in the overall market last week. The advance by ACAD from 2.30 to over 3.00 was on a solid increase in volume, indicating strong, new shareholder interest and long term support. The recent slide from 3.00 back to 2.20 was on lighter volume, indicating a "wait-and-see" attitude from the new shareholders.
I view $1.80-$1.90 as the stop loss area, which is a wide stop, but I feel it is necessary on a stock that can move 10% or 20 cents in a day.
Thanks to TradingView publisher @LiljaCat for pointing out the chart originally or else I wouldn't have wandered into such a new, low-priced stock.
