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Anika Therapeutics Inc. (ANIK) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Medical/Dental Instruments
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiTue, 14 Nov 20172.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
54.78 0.00 (0%) Nov 28 4:00pm EDT
Open: 54.44 Range: 54.04 - 54.93 Vol: 36.69K Avg Vol: 88.61K
EPS: 2.25 P/E ratio: 24.27 EBITDA: 56.02M Mkt Cap: 800.77M
Analyze "ANIK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 54.61
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 54.00
Last Trade is below the 50 day moving average at 56.56
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 50.03
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ANIK

Stock Trend Analysis - Buy, Sell or Hold "Anika Therapeutics Inc." (ANIK)?

ANIK 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 67% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation ANIK 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 50.03. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ANIK".

The analyst consensus estimates for the 1 year price target for this stock is $54.00* (*source: Yahoo Finance).

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