Technicians Take Amarin (AMRN) Over $15; Trend Pointing to More Upside
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Traders should watch shares of Amarin (Nasdaq: AMRN) as the price has just pushed over the $15 level -- a level which has previously served as some resistance. Over just the last three trading sessions, the stock has attempted to breach and hold over $15 at least five times.
Shares are now over both the 50- and 200-day simple moving averages.
After the initial move over $15 at the beginning of this month, profit taking pushed the stock below $14. Since testing support there, the price has inched higher, making higher highs and higher lows.
Amarin shares last traded at $15.05, up nearly 1.3 percent from Tuesday's close.
Shares are now over both the 50- and 200-day simple moving averages.
After the initial move over $15 at the beginning of this month, profit taking pushed the stock below $14. Since testing support there, the price has inched higher, making higher highs and higher lows.
Amarin shares last traded at $15.05, up nearly 1.3 percent from Tuesday's close.
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