AYTU trade ideas
AYTU Momentum Note that the $1.30 price range is a key loading point to get the momentum required to break past the 1.80 price range , If we break past here the next point of resistance would be the 2.05 . Failing to break these levels we could see a 1.30 barcode or even a 1.20 for the comming weeks.
AYTU Support at $1.40I have been following AYTU for a while and if you do a little read up you will find that this company has lots of products in their pipeline, especially for the Covid19 pandemic. Over the past few months the company has been releasing news of its products and its share price has surged rapidly breaking $1 and reaching as high as almost $3. While we wait for further PR, we can see its prices to trade between $1.44 to $1.60 with $1.40 as support. After its relatively positive ER last week I do believe the $1.40 support has gotten stronger. Whether you are going long or looking to swingfor a quick profit, $1.40 is a good price to enter.
Best Penny Stocks 🚀 to buy and watch in May 2020 NASDAQ:AYTU
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Our Strategy with this Stock :
This company specializes in UV light treatment and the previous history of this company how it strongly reacted with positive news and also negative news .
I'm putting two alarms, one at 1.70 to monitor any anticipatory run up.
I'm putting two alarms, one at 1.30 to monitor if it hit the support .
What’s the real story :
The beauty of Penny stock that I trade in particular , They are ALL pharmaceutical companies. The AMAZING part is 90% of Biotech penny stocks get approved , Still there is 10% that will go the other way ! That's why I'm here for my students to scan all the markets and give them the conclusion that I personally apply .
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$AYTU: $2.50 Short Target + Long PotentialFirst off, don't take anything I say seriously or at face value, as always this is on opinion basis. That being said, let us get into the points I want to make. AYTU seems to be at one would say a sudden bullish run, as it looks like the resistance curve is about to burst. The earnings call is on May 07th, and alot of price correlations and fluctuations can change as a result of that earnings call. A $2.50 short target is feasible, and it looks like a medium risk long hold position as well.
$AYTU chart when it took off comparing to $BIOC come Monday$BIOC recently announced similar news about COVID-19 Tests both stocks are at a similar point (.30's) when the news broke. $AYTU went up 700% + the following trade day reaching a high of 2.90's and then settling in the 1.3-1.9 range. Might be interesting to see if $BIOC follows a similar pattern.
(: Not Financial Advise :)
$AYTU can rise in the next daysContextual immersion trading strategy idea.
Aytu BioScience has a strong upward trend.
The company develops and commercializes novel products in the field of hypogonadism (low testosterone), cough and upper respiratory symptoms, insomnia, and male infertility.
Due to the spread of the COVID-19, the demand for the company's services rose.
Today Aytu BioScience received confirmation from the FDA that it may begin distribution of its COVID-19 IgG/IgM Rapid Test throughout the U.S. — finance.yahoo.com
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,85;
stop-loss — $1,65.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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AYTU Bioscience looking bullish pre market $aytuAytu BioScience, Inc. is a specialty pharmaceutical company, which focuses on identifying, acquiring, and commercializing novel products. Its products include Natesto, Tuzistram, ZolpiMist and MiOXSYS. The company was founded on August 9, 2002 and is headquartered in Englewood, CO.
Aytu BioScience, Inc Support | Resistance $aytuAytu BioScience, Inc. is a specialty pharmaceutical company, which focuses on identifying, acquiring, and commercializing novel products. Its products include Natesto, Tuzistram, ZolpiMist and MiOXSYS. The company was founded on August 9, 2002 and is headquartered in Englewood, CO.