Amarin Technical Preview: Shares See 3rd Consecutive Down Day

 | Mar 24, 2015 12:30AM ET

Amarin Corporation PLC (NASDAQ:AMRN) shares saw a third consecutive down day on Monday. Price volatility and trading volume normalised after last week’s spree. Need to see whether the golden cross (50-200 SMA crossover) witnessed a few days ago on high volume will indeed foretell further price increase. The short term trend is neutral imho.

AMRN stock price (3 months):