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DRRX

DURECT CORP - NASDAQ: $DRRX FlaggingAfter breaking to higher ground a week ago on enormous volume, shares of DURECT CORP - NASDAQ:DRRX finds themselves consolidating the recent thrust in a Flag pattern on lower volume as we can observe from the Daily chart above. In addition, DRRX is now trading above all of its important moving averages 20/50/200 DMA's, which from a technical perspective, is healthy as well as constructive. Both investors/traders may want to continue to monitor the action closely in the days/weeks ahead as we believe that its only a matter of time before the stock comes up-and-out of its Flag with its sights set on greener pastures. Thus, investors/traders may want to put DRRX front-and-center on their radars as we're anticipating a potential move into the $1.40 - $1.60 zone (and potentially higher) should the stock pop out of its pattern within the days/weeks ahead. ****NOTE DURECT Corporation - NASDAQ:DRRX to Announce Second Quarter 2019 Financial Results on August 1, 2019 After Market Close ****
NASDAQ:DRRX
by OptionsGains
DRRX- Double bottom Fallen angel Long from 1.12 to 1.28 & 1.47 DRRX bouncing off its longterm support after a huge decline. Now it seems forming nice fallen angel formation with a higher low double bottom. We think it has good upside potential from here. * Trade Criteria * Date First Found- November 21, 2017 Pattern/Why- Fallen angel, Double bottom Entry Target Criteria- Break of $1.12 Exit Target Criteria- 1st Target $1.28, 2nd Target $1.47 Stop Loss Criteria- $ 0.97 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:DRRXLong
by AcornWealthCorp
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