Amarin: Trend Is Up Following Parabolic Rise From Multi-Year Lows

 | Mar 19, 2015 12:38AM ET

Huge daily volatility for Amarin (NASDAQ:AMRN) shares yesterday. The daily trend was up following the parabolic rise from multi-year lows. The gap between 1.94 and 2.17 offers support as does the September 2014 intraday high at 2.09. Bears hope that the formation of the last couple of days will turn to an island reversal but a big gap down will be needed to confirm such a scenario.

AMRN stock price (1 year)