Amarin (AMRN) preview for March 30, 2015

AMRN shares lost ground for a second week in a row, falling way below the high recorded on March 16. However, price found support and rebounded from 2-week lows and 20-DMA support ($2.20) on Friday to finish the day with a 6,64% gain. Despite Friday’s gains, the short-term daily trend is down as long as price is lower than $2.50. The MACD is pointing down. Bearish position.

AMRN stock price (1 month)

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

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