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Akorn, Inc. (AKRX) - Buy, Sell or Hold?

Sector: Consumer Durables   Sub-Sector: Major Pharmaceuticals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiThu, 16 Nov 2017-3.08%
***Stock database and scans are updated around midnight (New York time) every trading day.
32.45 0.00 (0%) Nov 28 4:00pm EDT
Open: 32.63 Range: 32.28 - 32.73 Vol: 877.04K Avg Vol: 2.6M
EPS: 0.99 P/E ratio: 32.90 EBITDA: 372.04M Mkt Cap: 4.07B
Analyze "AKRX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 32.47
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 33.02
Last Trade is below the 50 day moving average at 33.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 31.21
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of AKRX

Stock Trend Analysis - Buy, Sell or Hold "Akorn, Inc." (AKRX)?

AKRX is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 63% of the time spent trading above the 200 day moving average. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. Even the 20 day moving average is trading in a range but with a bullish bias. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation AKRX will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 31.21. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "AKRX".

The analyst consensus estimates for the 1 year price target for this stock is $30.25* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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