Buy signal on my algorithmic
$ChemoCentryx(CCXI.US$
8 analysts have a price target if $65 on average, a low at $30 and a high target price of $107. The Beta is at 1.83 which is above 1 relative to the overall market. This indicates volatility so be pepared for a roller coaster ride.
A high probablity in the upside between the range of $63 to $110 an 3 month period.
The current 52W high is at $70.3 so its current price is undervalued around 67.8% below its fair value.
Balance sheet looks good as they have enough assets to cover for both short or long term liabilities. The only thing I dislike is the negative free cash flow for the past 3 years meaning its currently not profitable but this company still have adequate cash for more than 3 years to sustain its business.
But overall the fundamentals looks good.
If you like this play set your risk management in place and dont exceed above 15% of your principal on this.
My algo indicates a buy signal at 38.2. If you can get lower it would be good to average down.
Do your own DD not financial advice good luck traders. Invest safe guys, lets see what the price action is today.
8 analysts have a price target if $65 on average, a low at $30 and a high target price of $107. The Beta is at 1.83 which is above 1 relative to the overall market. This indicates volatility so be pepared for a roller coaster ride.
A high probablity in the upside between the range of $63 to $110 an 3 month period.
The current 52W high is at $70.3 so its current price is undervalued around 67.8% below its fair value.
Balance sheet looks good as they have enough assets to cover for both short or long term liabilities. The only thing I dislike is the negative free cash flow for the past 3 years meaning its currently not profitable but this company still have adequate cash for more than 3 years to sustain its business.
But overall the fundamentals looks good.
If you like this play set your risk management in place and dont exceed above 15% of your principal on this.
My algo indicates a buy signal at 38.2. If you can get lower it would be good to average down.
Do your own DD not financial advice good luck traders. Invest safe guys, lets see what the price action is today.
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Believer in value investing, swing trading on momentum plays
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Riddick705 OP : Hahha No comment!
KS_TAN Riddick705 OP :
. small investors avoid chasing high. wait patiently for shortist to give u cheap bargain hunting when market open. near 38 is a good buy and prepare yourself to average down if dip. i believe 37 should be a very strong support. if u see price above 42.40 with large volume, it will spike up in near term. meanwhile just observe. near 40 will be a tough fight between bull and bear...
5andNine KS_TAN : my guess is that today we'll hit $41..$42 easy. we've been on a steady increase for the past 7 days.
Riddick705 OP 5andNine : Yeah I hope so, it has been in my radar for quite a while it got it at $19 since July quite a volatole play though. My script keeps triggering a buy so thats why I recommended it.
KS_TAN :
. but expecting another tough fight today. uptrend still intact. hope the bull won today.
Wonderful Day Mooooo Riddick705 OP : Don't be shy, we are proud of you,