Opko Health Inc (OPK)

[Sone]

Opko Health Inc.(OPK) stock has been trading in a well-defined trading range for the past 16-months. Just recently the stock started to show signs of a turning trend on weekly and monthly charts.

Because longer consolidations are followed by bigger breakouts, OPK should be on you watchlist in the coming days and weeks as it attempts to break through $11.50. Next swing targets are at $13.70 and $18.

Technicals:
- 16-month trading range between $8.80 - $11.50
- 50DMA and 200DMA turning higher
- Golden cross in September 2016
- Horizontal resistance in $11.50 - $11.85 range
- Increasing volume

Catalysts:
- Commercial launch of Rayaldee on November 30th
- Human growth hormone Phase 3 results
- Technical breakout

Join us in the chat room to fully understand trading plans on Airgain Inc.(AIRG) and Advanced Micro Devices Inc.(AMD) and to catch next optimal Buy point.

Happy trading!

Stock Trader Professional



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