MA(10) = $5.98, support, trending up
Low BB = $5.82, strong support, trending up and converging
Mid BB = $6.02, weak support, trending down and converging
High BB = $6.21, resistant, trending down and converging
EMA(20) = $6.06, weak resistant, flat
Today price mostly will be between $6 and $6.06 with low volume.
When converging is done by early next, a more clear trend and range will be established but most indicators still trending up.
There is no argue that SPPI is undervalued but still you want to get the best price in short term. I usually add to my core position when I find a good entry point thru technical. I added significantly at $5.60 to $5.65. I also added at $5.90, $6 and $6.06. If SPPI continues to show stability, I will add more at higher prices. Sounds crazy but I go with trend. I reduce only if I see a break down about to happen, but before it happens like recent $5.58. If you go back to my posts, you see I warned about the break down before it happened. No one can predict uncontrolled events but chart is a good indicator of some event that may happen in near future.
$6.06 has become a strong support since several indicators are sitting around this price and mostly trending up.
Bollinger Bands are converging in next few trading days before real direction is established. Volume will stay low too during this period. It is expected a direction , mostly uptrend, with better volume to start next week.
MA(10) = $5.96, support, trending up
MA(20) = $6.07, now a support, trending up
MA(30) = $6.11, now a support, trending up
EMA(30) = $6.15, now a support, trending up
Mid BB = $6.05, now a strong support, flat and converging.
High BB = $6.32, resistant, downtrend and converging
Bollinger Band is converging. This happens when stock direction is changing and since most indicators are trending up then BB which shows the path is trying to establish a new trend that is upward.
The stock will go to $6.20 to $6.25 and trades for a few days to establish a new range.
This will give change to other indicators to catch up and get ready for a break up which may happen next week.
Good luck investing.
Sentiment: Strong Buy
MA(20) = $6.07, uptrend
Mid BB = $6.07, uptrend
The fight is at $6.07. Investors are banging at $6.07 resistant gate. They will open eventually and turn it in a support level.
Low BB = $5.96 support, flat
High BB = $6.37, downtrend, converging, makes volatility narrow.
SPPI goes with its sector more than general market.
Most small cap pharmas are doing ok today.
If you buy today around $6, your money will tripled at minimum in 2018.
Yes, SPPI management may be slow to financial improvement but the force of SPPI current drugs and its pipeline are not stoppable and they will fruit eventually.
MA(10) = $5.97 Support, uptrend direction
Low BB = $5.75 Strong support, uptrend direction
Mid BB = $6.07 Weak resistant but flat to uptrend direction
High BB= $6.39 Resistant, downtrend direction, converging
EMA(20) = $6.06 Weak resistant
Most indicators are in uptrend direction.
A fight at $6.06, $6.07 today to overcome the resistant and turn it in support.
There will be no resistant until $6.22 and then $6.38.
Good luck investing.
I do not think so, and I say this from point of view a long. No, SPPI CEO and management have obvious weaknesses that invite shorts.
SPPI needs some brave management who can deal with shorts strongly. For example, create a situation that increase shorts risk management by 1)Be pen to a buyout. 2)Surprise good news once in while. 3) Favor financial deals only with friendly analysts and their firms. 4)Be transparent. 5)Prevent rumors and be ahead of any bad news. 6)Make some financial deals and partnership with big pharma companies to bring more cash. 7)Stop micromanagement. H)Stop hiring of friends and family. 8)Participate in company future by investing in the company. 9)Reward employees who are helping the company. 10)Be open to new ideas. 11)Hire some marketing people with proven records. 12)Hire a strong legal team.
Sentiment: Strong Buy
This is the short interest peak and the data is little old since over 2 mil shares were covered when price went to 52 weeks low recently.
So, it Touched Mid BB at $6.08 and EMA(20) at $6.07 (resistant) and it triggered technical players sell (computers who are set at these prices to sell) and turned around.
This is normal and it will tries again and again until it breaks it and this level becomes a support itself.
The chance for break out is very slim for today. However, SPPI will close around $6.07. It may stays around this price for one or two days and then it will be ready for a break out. It will push for $6.40 which is a resistant. Hopefully, this will happen slowly so SPPI stays at firm ground. I believe $6.40 or higher will be accomplished sometimes next week.
MA(10) = $5.97, support, trending up
EMA(20) = $6.07, very weak resistant, flat
Low BB = $5.75, strong support, trending up
Mid BB = $6.07, very weak resistant, flat and switching to uptrend
High BB = $6.41, strong resistant, trending down to converge.
SPPI will break Mid BB at $6.07 today or sometimes next week. There is not much resistant until $6.25. It will break $6.25 easily heading to $6.40. If it goes up slowly, upper BB gets change to turn around and go higher so SPPI has chance to continues its uptrend. However, if SPPI jumps high to $6.40 suddenly then it invites shorts who will push it down to $6.07 or lower again.
No news is good news. As long as management stays away from any stupid activity.
All investors need is some efforts by management to show their sincerity.
1) No insider huge sale
2) No huge option for any insider
3) Company to focus on two potential drugs but not more
4) Hiring some smart marketing guys with experience
5) Limit Raj's power and his micromanagement style
6) More transparency and openness
7) No employee should be hired who is related to a manager
8) Firing of incompetence sales agents
MA(10) = $5.96 weak resistant
EMA(20) = $6.07 resistant
Mid BB = $6.6.09 resistant
High BB = $6.43 strong resistant
Low BB = $5.76 strong support
Indicators are getting flat. This is a positive step.
On 4/8/15, capitulation happened( high volume, touching previous 52 weeks low). As I indicated before, a break down was expected after several days of trending down. Fortunately, the technical are trending positive now and SPPI will go above $6 soon.
It is expected to go near $6.43 in next 2 weeks after a short fight around $6.10.
MA(10) = $5.97 resistant
Low BB = $5.78 weak support
Mid BB = $6.11 strong resistant
All indicators are trending down.
They have been trending down for a while and the stock may break down to a strong support which is at its 52 weeks low and then change the current trend.
MA(10) = $6 resistant
EMA(20) = $6.12 mid resistant
High BB = $6.43 very high resistant
Mid BB = $6.13 high resistant
Low BB = $5.83 support
No Trend change = ($5.83 support - $6 resistant)
If Trend to change = $6 to $6.13
As long as SPPI stays below $6 then the current trend will continues which trends lower and lower.
If SPPI closes above $6 at least 2 days in a row then it tries to change the trend.
MA(10) = $6.02 resistant
Mid BB = $6.13 high resistant
Low BB = $5.84 weak support
All indicators are trending down. SPPI will trade near its low BB which is trending down unless a strong news is out to reverse this trend.
SPPI management is not showing any flexibility. They have boxed themselves and telling the world that only way to success is my way. They afraid to loosen up and let others to take charge. Probably, they afraid to lose benefits. So, SPPI problem is directly related to Raj's pocket and others.