EBS Continues Its Downtrend
Yesterday I posted a blog saying downside potential for EBS is huge. I shorted EBS two days back at 17.99$, once it started reversing. I covered at 16.50$ yesterday taking 8.3% gain in 1 day. Playing it conservative and wanting to book profits, I covered. However I missed another 11% drop today. EBS can continue [...]
Charts Make Trading Easy
Yesterday i was short EBS. With a big run-up, it was time for some consolidation. EBS chart tells the story. I covered at 16.50$ taking 1.5$ gain or 8.3% returns in 1 day. Again and again charts have provided excellent insight on the movement of the stock. Few factors that caused the drop- overbought indicators, [...]
Emergent BioSolutions Inc – Time For Reversal
Emergent BioSolutions Inc. (EBS) is a multinational biopharmaceutical company focused on the development, manufacture and commercialization of immunobiotics, consisting of vaccines and therapeutics that assist the body’s immune system to prevent or treat disease. It manufactures and market BioThrax, also referred to as anthrax vaccine adsorbed. It develops immunobiotics for use against infectious diseases that [...]