Amarin Corp Plc (AMRN)

[KCSVEN]

Technically the stock is still in a downtrend of lower lows and lower highs. I would not add until you see some reversal in technical's or news that warrants adding. The next bottom should be around 6.50 technically with the bounce to 7 or 7.50. So you can wait until it drops below 6.50, add and likely swing trade to 7 but if buying to average down you should wait until there is reason to believe a bottom which means either positive news or a technical trend change. Otherwise the trend says it will then go to 6.25 and bounce to 7, then go to 6 and bounce to 6.75 etc....Traders control much of the price movement and they've decided it's a downward trend so wait it out if you want to add.

Otherwise this is a stock to ignore the current price and check back in late 2013/early 2014.