Amarin Corp Plc (AMRN)

[ORBAPU]

MarketEdge as of yesterday. Upgraded from avoid to neutral on Monday.

“On 11/14/2023, The stock is underperforming the market over the last 50 trading days when compared to the S&P 500. The MACD-LT, is confirming that the intermediate-term trend is bullish at this time. A close above $1.3 is a number to watch to confirm a trend reversal.Momentum, as measured by the 9-day RSI is beginning to strengthen. Over the last 50 trading sessions, there has been more volume on up days than on down days, indicating that AMRN is under accumulation, which is a bullish condition. The stock is trading below a falling 50-day moving average. A close above this moving average would be supportive of the improving conditions.”