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Insmed Incorporated Message Board

  • zake1 zake1 Jul 19, 2013 11:58 AM Flag

    Looks like the Street might be right..

    From a technical perspective, INSM gapped higher here back above its 50-day moving average of $11.47 with strong upside volume. This move is quickly pushing shares of INSM within range of triggering a near-term breakout trade. That trade will hit if INSM manages to take out some near-term overhead resistance levels at $12.17 to $12.22 with high volume.

    Traders should now look for long-biased trades in INSM as long as it's trending above Wednesday's low of $11.32 and then once it sustains a move or close above those breakout levels with volume that hits near or above 579.248 shares. If that breakout triggers soon, then INSM will set up to re-test or possibly take out its next major overhead resistance levels at $13.45 to its 52-week high at $14.30. Keep in mind that INSM is just coming out of a vicious downtrend, so that breakout needs to happen soon to increase the probability a successful breakout trade.

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    • by zake1 • Jul 19, 2013 11:58 AM

      From a technical perspective, INSM gapped higher here back above its 50-day moving average of $11.47 with strong upside volume. This move is quickly pushing shares of INSM within range of triggering a near-term breakout trade. That trade will hit if INSM manages to take out some near-term overhead resistance levels at $12.17 to $12.22 with high volume.

      Traders should now look for long-biased trades in INSM as long as it's trending above Wednesday's low of $11.32 and then once it sustains a move or close above those breakout levels with volume that hits near or above 579.248 shares. If that breakout triggers soon, then INSM will set up to re-test or possibly take out its next major overhead resistance levels at $13.45 to its 52-week high at $14.30. Keep in mind that INSM is just coming out of a vicious downtrend, so that breakout needs to happen soon to increase the probability a successful breakout trade.

    • Zake,,, their is a bid for 650 of the August 12.5 call options at .60. That is the biggest bid I have yet to see on any Insmed option contracts. Since we are not expecting anything in particular before August,, I am thinking there may be some kind of surprise coming soon. JMHO.

    • As a result, the geniuses selling at FMR will have left over $5 million on the table and probably was responsible for driving down the offering price. I wonder what bonehead over there had this bright idea,

      Sentiment: Buy

      • 2 Replies to jad9000
      • JMHO, perhaps FMR cut agreements with Insty and Fund Managers to hold pps down while they accumulate the shares FMR is liquidating. Still building very solid support with all those FMR shares being snapped up very quickly for many weeks now IMO still very under valued. All in all frustrating however at least FMR is controlling their share liquidation. I mean they could have been throwing many more shares out into the mkt. more quickly. There is an agenda , there is always an agenda with large holders. Still feeling screwed over 1st dilution with them, very low ball and Russ. . I can understand last dilution but still think it was way too cheap. But hey most of the time it is the retailer that gets the screw job with things like this. Glad I been flipping a bit of shares here and there. Still sit with both buy and sell orders. I will not be out when the power move explodes. Todays buyers will drive pps up when their balasts are full. Hangin tight.

      • Perhaps it's simply a business decision - moving funds into an investment they perceive as having a more favourable ROI profile.

 
INSM
22.61-0.15(-0.66%)May 22 4:00 PMEDT