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MarketEdge:
As of 12/19/2019 - Stock is a Buy; Stock is Oversold; Good Entry Point.
On 12/19/2019, The current technical condition for AMRN is strong and the chart pattern suggests that upward momentum should continue. The stock has outperformed 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. Chart formation indicates a strong rising trend. The stock is in a short-term oversold condition based on a Slow % K stochastic reading of 20 or lower. 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 above a rising 50-day moving average. This validates the strong technical condition for AMRN. The stock is above its 200-day moving average but the 200-day is pointed down indicating that the intermediate-term trend is still in question.