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Merrimack Pharmaceuticals, Inc. Message Board

michelle_michelle34 4 posts  |  Last Activity: Aug 28, 2015 7:32 AM Member since: Dec 30, 2007
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  • at 11:30 a.m. yesterday, "THE STREET" had this article written by Robert Pedone. Notice he didn't mention any of the insider buying.

    Rayonier Advanced Materials
    An under-$10 basic materials player that's starting to spike within range of triggering a major breakout trade is Rayonier Advanced Materials (RYAM), which manufactures and sells cellulose specialty products in the U.S., China, Japan, Canada, Europe, Latin America and other Asian countries. This stock has been destroyed by the bears over the last three months, with shares down big by 58.2%.

    If you look at the chart for Rayonier Advanced Materials, you'll see that this stock recently gapped down huge from around $13 a share to its new all-time low at $6 a share with massive downside volume. This huge move to the downside has now pushed shares of Rayonier Advanced Materials into oversold territory, since its current relative strength index reading is 27.3. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. This stock has started to bounce some off that $6 low and it's now starting to trend within range of triggering a major breakout trade.

    Market players should now look for long-biased trades in Rayonier Advanced Materials if it manages to break out above some key near-term overhead resistance levels at $7.28 to $7.78 a share and then above more resistance at $7.85 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1 million shares. If that breakout develops soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started at $13 a share.

    Traders can look to buy Rayonier Advanced Materials off weakness to anticipate that breakout and simply use a stop that sits right around some key near-term support levels at $6.15 to its new all-time low of $6 a share. One

  • And the nasdaq rocketed up another 2.45% after jumping 4.5% yesterday. Why did this sell off today?

  • This is totally baffling.

  • Why no buying with all the insider buys?

9.13+0.37(+4.22%)Nov 25 4:00 PMEST