AGEN trade ideas
MA indicator applied to Agenus Inc. (AGEN) ChartMoving Average indicator is applied to the Agenus Inc. (AGEN) chart. We can see the indicator acting as support line (green arrows), confirming the uptrend of chart, and also acting as resistance line (red arrows), confirming downtrend. When the chart cross the MA line, there is a change in trend.
Agenus Inc. (AGEN) Double Top PatternAGENUS INC. (AGEN), Temporality 1M
An uptrend line is shown, followed by a double top, with two succesive peaks at the same resistence level (dotted short line), with a change in trend. A pullback is noticed after the pattern, but it doesn´t break the support level of pattern (large dotted line).
Volume is lighter on second peak, with a disminution or decrease when trend changes to a downtrend.
WAIT for the pullback, then place your positionsAs we see, the price has been going up, falling back, going up, falling back, going up and now its time to fall back. Once we see how the price falls a little, we need to keep an eye on this one!
I do think the price will go back to around 5-5.10 (we can see it always dropped to somewhere around the last high, just stood slightly above it) and then run up again. I will take only one swing for now, and then see how price continues.
I am not really concerned, since we are in an uptrend, and after the pullback, the trend should continue.
Good luck and good profits to you!
keep it on the watchlistthis one right here will consolidate a bit before the next breakout.
The EAM 200 says its a long position, the uptrend looks stabile, I think we will see a pullback to the support, or even the support below and thats my entry signal.
If you look at it in the higher timeframes, you can see there was a trend reversal wit two big cups net to each other. Thats one more reason for me to believe the uptrend will continue.
For now, its only on my watchlist.
AGEN - Breakout momentum Long from $4.69 AGEN is breaking through a lot os label of resistance. In longer therm its been declining from $10 & now getting some strength, and money flow is very strong now.
It has huge insider buying from another Biotechnology company. We think it has very good upside potential.
* Trade Criteria *
Date First Found- July 17, 2017
Pattern/Why- Flag formation momentum long
Entry Target Criteria- Break of $4.69
Exit Target Criteria- Momentum
Stop Loss Criteria- $4.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AEGN COVERED CALLThis little fella popped up on my radar earlier today as having high implied volatility, so I pretty much blindly put on the covered call then and there, buying 100 shares a 6.24 and selling the Sept 16th 7 put for a 5.77 debit (which will be my cost basis in the shares).
The max profit is $123 with a ROC of about 21.3% (assuming a call away at 7).