I was a long term holder for HZNP and it took ages for me to finally sell and make a profit. For those that recently bought I am just trying to help them make money as the charts scream overbought and might as well make some money by shorting it and but back when it test support at $2.70-$2.80 range and see if it can hold that level. If it can then I will have more confidence at buying back into it. Hey, money is money.
I was a long term investor in HZNP and recently sold it at 3.45 for a profit. I want to be honest with everyone and am going to short it tomorrow morning as it is prime time for it no matter what anyone else says based on the charts:
1) RSI declining from an all time year high
2) MACD turning negative
3) The next near term support is at 2.80 and I will consider buying it back at that stage
I just wanted to be honest with everyone, twice it had a chance to break resistance at 3.50 and now it is in decline.