Amarin (AMRN) preview for March 31, 2015

The “golden cross” from 2 weeks ago is supposed to be longer-term positive for AMRN shares. However, the stock price is way off the high recorded on March 16. Monday’s doji candlestick is indicative of indecision as the daily volatility has dropped big time. The short-term daily trend is down as long as price is lower than $2.60. Maintaining the bearish position with a stop @ $2.60.

AMRN (2 months)

amrn

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

Please read the Disclaimer!