Pascal
11-24-2014, 04:02 AM
ICPT has been a high-flyer biotech stock.
It broke down some days ago.
27103
Both the stock and the sector are not too good. In terms of pyramid data
27102
How do we trade the short side: on a breakdown below $150 or on a pullback?
We can see below that shorting a breakdown did not work in the past. I believe that a push down has been attracting buyers and the stock reversed up.
27101
The best is hence to short a bounce.
27099
A sensitivity analysis on the entry price shows that shorting between 157.5 and 163 is acceptable.
27100
It broke down some days ago.
27103
Both the stock and the sector are not too good. In terms of pyramid data
27102
How do we trade the short side: on a breakdown below $150 or on a pullback?
We can see below that shorting a breakdown did not work in the past. I believe that a push down has been attracting buyers and the stock reversed up.
27101
The best is hence to short a bounce.
27099
A sensitivity analysis on the entry price shows that shorting between 157.5 and 163 is acceptable.
27100