AGEN trade ideas
daily chart looks promising but needs volumewatch the 50% fib level if no vol, could be a false b/o. which would lead to a sell off
pennies to thousands biotech candidateabove cloud good base get our book on patterns we like on amazon
immunotherapy play
lots of net cash
relative strength good
in development with merk
beaten down now with good technicals
AGEN short term shorting on downward triangleDecent chance to short to 3.90-4.00 range, depending on morning price action. Price consolidation occurred throughout the intraday trend and has now broken past the downward triangle pattern where the price has fallen below the 20 period BB. Stop loss should be at 4.15-4.20 range if price reverses past the EVWMA lines which act as our trend reversal signal mechanism.
Overvalued EarningsDespite reporting 4Q losses, Agenus Inc. (or the company) showed an increase in share price. This shocked many analysts and some concluded that this was due to the earnings report exceeding revenue. But now the "Earnings Hype" is over for revenue does not do anything to the EPS if the company cannot clear its margins and produce profit. This will lead to a bearish attitude in the near future which could mean profits for those who choose to sell short this stock.
Crazy Biotech StocksTook this roller coaster from 4.50 to 9.50.. Crazy to think it is back to my old price from beginning of this year.. Target 3.50 next downside target from here
AGEN Beginner chartAfter the 50 MA cross, projecting to continue its pattern while all the indicators are looking positive
