AUPH BasingAUPH to hold for greater gains in the near future. See comments on chart for more information.
No BUY or SELL targets.
AUPH trade ideas
Aurinia Pharmaceuticals on AlertEntry level $8.00 = Target price $9.75 = Stop loss $7.50
Possible long term breakout in the stock which has made a nice recovery on the back of earnings surprise.
It's possible it may consolidate for a few days on the market weakness.
Average analysts price target $13 | BUY rating
High 14% short interest
Company profile
Aurinia Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company, which engages in the development of a therapeutic drug to treat autoimmune diseases particularly lupus nephritis. The company was founded by Robert Foster, Richard Glickman and Michael Martin on June 16, 1993 and is headquartered in Victoria, Canada.
Achieving Highest Complete Remission Rate of Any Lupus study- Low dose voclosporin achieves CR rate of 49.4% at 48 weeks (p<.001)
- AURORA Phase III trial with low dose voclosporin on track to commence in Q2 2017
ir.auriniapharma.com
seekingalpha.com
few bull flags and a ascending triangle w/ future tgt $11share price is also creating bull flag adding on dips
Aurina PharmaBasing breakout on volume. Above 200 D MA. Will watch for pullback to support to enter.
AUPH swing tradeLooks like AUPH is in the start of an uptrend after the $6 support level that developed. I am looking enter in at $6.60 with a stop limit set at $6.38, just below the old support at $6.40 back on April 6, 2017. Also, the price is closer to the bottom of the sideways trend so hoping for a move up back to the $7.90 price level.
Ascending Triangle Formation and Breech We formed an ascending triangle as we approached resistance at $6.60. We have appeared to break above the top level in a bullish manner which could result in a bullish afternoon if we do not retrace back below $6.60. Hopefully, this trend will continue throughout the end of the day and into next week.
AUPH, Squeeze Released but Bounce Off Strong ResistanceAUPH, Squeeze Released but Bounce Off Strong Resistance
The price trends have been squeezing within the flag for quite some time which correlates with the squeeze indicator. Hard resistance levels have been spotted. I anticipated meaningful upward/downward movement as we reached the tip of the flag. We broke through upwards today, but the lack of volume was met with the end of day retracement as we hit resistance.
Right now, the squeeze indicator signals that the security is still ready to move, however, $6.40 proved to be continued resistance. RSI (30m/1m) has also been exhausted, sitting on the high side at 61 making it a difficult to justify any further upward movement due to recent low volume and volatility.
MACD has crossed above the signal, but the channel is narrow and starting to flatten out.
My prediction, we are bouncing off $6.40 and heading back down into the $6.25 range until we get more volume in the future.
First analysis, any and all feedback is welcome. I do have a long position set up. Thanks!
Potential Breakout of Bullish PennantPotential breakout to the upside or downside of this pennant. I believe it's more likely to break upwards, as there is a very strong rising bid for support that's held up for weeks and won't budge. It's about to meet the downward sloping resistance and lead to a breakout. With potential good news coming out early next week, very high potential for a strong upwards breakout. Buy on breakout on high volume, stop below rising support line or below previous low.
AUPHThis should be on everyone's top 5 watch for gap up or down. Based on money flow looks to be a nice long entry today, volatility will be high as shorts will want to cover.
AUPH - Long On Monday!!!I will be looking for long positions on Monday. PA is above 50 MA & VWAP indicators. On shorter time frames, will be looking at Support areas for entries, initial ceiling is $7.40, which when broken will go back up to around $7.67. This stock went up 4.71% on Friday, with a volume of being over 5,900,000.
You will need to evaluate all trading with your own strategy and see if this is a stock, will be on a watch list for this coming wk. Like always, remember price action and money management are keys.
Incoming fall to $4.00/$3.00?Today I entered a put option with a 53 day expiry because the Bollinger Band and 20 MA was broken.
I expect price to fall between $4.00 and $3.00 within the next 15 to 45 days.
Max risk is about $160.
