ARGS would've been a good play this morning when news broke. Since the stock is only about 3 months old, there is really no long term technical support or resistance. The stock has also been down almost consistently since the IPO. Holding an Earnings winner overnight is a risky play these days. So i'm not sure where it could go from here. You might just wait until tomorrow and buy in on the new high/breakout. Or if there's a panic, wait for the bounce.
Actually, this stock has been around since 2014. It underwent a reverse stock split of 1 for 20 back in January after it was beaten down for a year by an unfavorable FDA review of one of it's drugs in the pipeline. I've been long 9300 shares for a while now as a long term hold with an FDA update coming out this quarter.
ARGS would've been a good play this morning when news broke. Since the stock is only about 3 months old, there is really no long term technical support or resistance. The stock has also been down almost consistently since the IPO. Holding an Earnings winner overnight is a risky play these days. So i'm not sure where it could go from here. You might just wait until tomorrow and buy in on the new high/breakout. Or if there's a panic, wait for the bounce.
Actually, this stock has been around since 2014. It underwent a reverse stock split of 1 for 20 back in January after it was beaten down for a year by an unfavorable FDA review of one of it's drugs in the pipeline. I've been long 9300 shares for a while now as a long term hold with an FDA update coming out this quarter.
thanks for the clarification. The broker I used only had data from Jan 2018.
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