Viking Therapeutics Inc (VKTX)

[DMOST]

Viking Therapeutics Shows How Quickly This Market Can Turn
If you are trying to pick stocks for the longer term it can be quite challenging right now.

The indices are now at intraday highs, breadth has moved to 4-3 positive and there is some bounce action. Still, there are over 200 stocks hitting new 12-month lows while only 30 are at highs, which illustrates how ill this market has been.

A good example of how trading shifts in a market that lately has been under pressure is Viking Therapeutics (VKTX) .

Viking had some good data for its drug that treats fatty liver disease but the gap-up open was immediately sold. This was primarily a function of recent buyers, flipping and locking in a quick gain. Their time frames are short and they really don't care about the longer term prospects of the company at this point. You take profits when you have them and don't worry about missing out on longer-term upside.

There are many other examples such as Viking in this market. It is good for trading but if you are trying to pick stocks for the longer term it is quite challenging as stocks are driven more by individual market conditions and less on their individual merits.
https://realmoney.thestreet.com/investing/viking-therapeutics-shows-how-quickly-this-market-can-turn-14779712?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

GO VKTX

"PEACE"