Warning! Warning! 89 XMA has been penetrated. Backup buying force is required.. Warning! Backup buying is needed…
While price broke below the 89 XMA, there is still a “grace period” for the bull to climb back above the 79 & 89 support before they transform into resistance. Giving that after-hour trading of SP500 is up for now, look like there may be a chance for the bull to redeem itself.
Today my port faired better with three up and one down.
$CERS kicked off the day with a run-up after announcement of the appointment of Richard J. Benjamin, chief medical officer from American Red Cross, as chief medical officer of Cerus, effective July 13, 2015. Per release:
Today, we enhance an already formidable scientific and medical team at Cerus with the addition of Dr. Benjamin, one of the world’s foremost experts on blood safety,” said William ‘Obi’ Greenman, president and chief executive officer of Cerus. “There is no one more capable than Dr. Benjamin to lead Cerus’ clinical research and medical affairs as we pursue commercialization of the INTERCEPT platelet and plasma systems in the United States and take steps to advance the INTERCEPT red blood cell system beyond clinical development.”
Although price gave back some gain after the morning run-up, this is going to be an easy long-term hold. With Richard on board at $CERS, what is the chance of American Red Cross become a customer soon? I like the odd on this. Don’t you?
$AMRN bounced higher near the close due to release of letter from FDA. The letter “seems” positive for Amarin but I rather hear from a seasoned legal/medical expert to decipher the content. I believe that as long as Amarin can release truth and non-misleading information to inform doctors, it is going to help grow the prescription numbers.
So far, price reacted positively to the letter with no negative after-hour reaction.
$LRAD finally bounced some.
At least, the down momentum has stopped.
$BIOC is the only one that corrected today.
While down, it still hasn’t make up its mind which way the breakout will be on the symmetrical triangle. Then again, I’m riding the wave on this one ’cause I believe liquid biopsy is the future.
Thanks to rallies from $LRAD, $CERS, and $AMRN, my port gained back another 1.3% for the day. YTD gain is now at 17.1%.
LRAD, AMRN, BIOC, CERS and 5% cash.
My 2 cents.
Categories: Daily trading Journal