02-18-2015 Journal- $AMRN leading

Another indecisive day for the bull… to break or not to break, that is the question.

DJ-30 daily

It won’t take much to spark price up to new high; neventheless the resistance is quite formidable.

$AMRN led the port today by gapping up at the open due to an upgrade by SunTrust Robinson Humphrey from neutral to buy with a price target of $6.00.  Finally!  Someone took notice.

AMRN_daily

Even if price started to consolidate around here at $1.3x, price pattern would more likely to form a handle here in a potential cup & handle breakout pattern.  With weekly script # over 10,000 and climbing, AMRN’s Vascepa may become more relevant.  Thanks goodness I sold some $LRAD to buy back some $AMRN last week.

Meanwhile, minor corrections from $DMRC & $CERS, offset $AMRN gain such that only 0.3% gain was achieved for the day.  YTD losses is narrowed to 1.1%.

Current holidngs:

LRAD, DMRC, CERS, AMRN, TINY (100% invested/speculated)

My 2 cents.



Categories: Daily trading Journal

Tags: ,

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