Amarin (AMRN) technical preview March 19, 2015

Huge daily volatility for AMRN shares going on. The daily trend is 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 @ 2,09. Bears hope that the formation of the last couple of days will turn to an island reversal but a big down gap will be needed to confirm such scenario.

AMRN stock price (1 year)

amrn2

Chart courtesy of StockCharts.com. http://stockcharts.com

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