Merrimack Pharmaceuticals: Trade On Breakout
António Costa | Jul 31, 2016 04:19AM ET
Merrimack Pharmaceuticals Inc (NASDAQ:MACK) is a candidate to be traded in breakout mode next week. The Daily technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up above the 50% level.
This is one for the bottom pickers. Upside volume is picking up and a small rounding bottom is also taking shape. Keep an eye for a possible breakout over $5.90.
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