At this moment, ATRX is trading above 3 key lines of potential support:
- 20-Day Simple Moving Average
- 50-Day Simple Moving Average
- 100-Day Simple Moving Average
Why is this important? When a profile trades above these 3 lines, traders may gain confidence from these levels holding as potential support for a continued vertical move.
As you can see above (chart), higher HIGHS, higher LOWS, A bull trend is identified by a series of rallies where each rally exceeds the highest point of the previous rally. The decline between rallies ends above the lowest point of the previous decline. A series of successive higher highs and higher lows.
MACD above zero line. The simplest strategy you can think of with MACD is trading when the MACD line crosses the zero line. When the MACD line crosses above zero, you buy.
RSI is holding above 50 (59.39). A movement above 50 indicates that more traders are buying the asset than selling, and are driving the price up.
BARCHART is reporting ATRX as a “STRONG BUY” based on overall technical indicators https://www.barchart.com/stocks/quotes/ATRX/overview
According to the OTC Markets, ATRX has 13,530,709 outstanding shares which 9,325,133 are HELD at DTC.
Why a low outstanding shares is that important? It’s important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
After the company has released a big press releases recently that could start generating some serious attention, this past champ could be on the verge of making another vertical surge.
Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our releases. It is possible that a viewers entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed in a release or on our website unless you can afford to lose your entire investment. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the SEC. The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov