Esperion Therapeutics: Coiling Up For A Move Higher
António Costa | Nov 28, 2015 04:48AM ET
Esperion Th (O:ESPR) is coiling up in a tight pattern for a move higher. I have highlighted a potential ascending triangle formation which if confirmed would project a target around $35. Also take note that on the daily time-frame the MACD has been moving up and the daily slow stochastics and RSI are both rising, indicating bullishness. Another good point of interest is the high amount of shorts in the stock. Could see a short squeeze possibly to >$33 once the gap is reentered. Watching over 29.5 for a trade. It will move very quickly, so keep a very close eye on the stock.
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