Amarin Corporation: Short-Term Symmetrical Triangle Forming
Petros Steriotis | Mar 25, 2015 04:29AM ET
Amarin Corporation PLC (NASDAQ:AMRN) shares consolidating within the range of the second big down day of last week, thus forming a short-term symmetrical triangle. A break of the $2.7530 -$2.25 range of the last 5 sessions will show the way for the next significant move up or down, respectively. A fakeout is possible before the situation becomes more clear. A golden cross (50-200 SMA crossover) was witnessed a few days ago on high volume, which in theory is longer-term positive.
AMRN stock price (3 months)
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