Trade Idea: MACK

6/13/17

Good Morning!

Our trade idea from Friday has thus far not provided any upside opportunity.

Technical indicators continue to suggest an increased divergence between the 20 day moving average and present valuations suggestive of increased potential for upside.

Additionally, MACK has a RSI that is potentially extremely undervalued.

It is critical however for MACK to hold its recent low of 1.33. In the event that MACK does not hold this level, it increases the likelihood that we experience more downside before a reversal happens.

As a reminder, when reviewing charts (charting) this does not offer us a full proof advantage in the markets. However, it does provide us with an understanding for potential timing and path of least resistance.

Always protect your downside. If you don’t know how, a good starting place to develop a strategy that works for you is reading my trading guidelines (below).

 

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6/9/17


Good Morning!

Today I would like to bring to your attention a new trade idea, one that I believe offers you a potentially undervalued technical setup.

As a reminder, when reviewing charts (charting) this does not offer us a full proof advantage in the markets. However, it does provide us with an understanding for potential timing and path of least resistance.

Trade Idea: Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK)

Technical Highlights:

  • Last Close: 1.51
    • You need to evaluate the chart in real-time and establish for yourself whether it is an appropriate trade opportunity for you or not.​​​​​​​
  • In late May MACK has experienced a considerable selloff, when it was trading around 3.40 and fell to a low of 1.33 three days ago.
  • MACK has thus far seemingly confirmed this new low, by witnessing higher lows in the past 2 days – a potentially positive indicator.
  • MACK has a 20 day moving average of 2.79, 84% above yesterday’s close.
  • MACK has a RSI of 29 on the daily chart – potentially suggestive of extremely short-term undervaluation.
  • MACK released breaking news yesterday that could prove to be a catalyst for upside (details below).

 

 

 

 

 

 

 

 

 

 

 

Recent News:

Merrimack Announces Expansion of Senior Management Team with Appointment of Sergio Santillana as Chief Medical Officer and Ellen Forest as Head of Human Resources

CAMBRIDGE, Mass., June 8, 2017 /PRNewswire/ — Merrimack Pharmaceuticals, Inc. (MACK) today announced the expansion of its senior management team through the addition of two new executive hires. Sergio L. Santillana, M.D., MSc, a medical oncologist with extensive industry experience leading a wide range of clinical development programs, has been appointed to the role of Chief Medical Officer, effective June 12, 2017.  In addition, Ellen K. Forest, who served most recently as Director of Human Resources at Baxalta, has joined Merrimack to lead its talent and recruitment strategy as the new Head of Human Resources.

“We are pleased to welcome Sergio and Ellen to Merrimack to help lead our organization in the execution of our refocused research and clinical development strategy,” said Richard Peters, M.D., Ph.D., President and Chief Executive Officer. “The collective expertise of our expanded management team is an invaluable asset to Merrimack as we focus on pinpoint execution across three wholly-owned, innovative and promising clinical-stage programs. With funding into the second half of 2019 to support our corporate objectives, a refined strategic focus and experienced teams in place to execute, we are poised to deliver on the long-term potential of our pipeline for cancer patients and our shareholders.”

Source: Yahoo Finance

Company Highlights:

Merrimack is a biopharmaceutical company based in Cambridge, Massachusetts that is outthinking cancer to ensure that patients and their families live fulfilling lives.

Its mission is to transform cancer care through the smart design and development of targeted solutions based on the deep understanding of cancer pathways and biological markers.

All of Merrimack’s product candidates, including three in clinical studies and several others in preclinical development, fit into its strategy of 1) understanding the biological problems it is trying to solve, 2) designing specific solutions and 3) developing those solutions for biomarker-selected patients.

This three-pronged strategy seeks to ensure optimal patient outcomes.

Source: Yahoo Finance

If you are not familiar with my trading guidelines, please read them below. These trading guidelines are designed to give you a starting point to develop your own personal trading philosophy and approach.

Since every traders/investors circumstance is different, make sure you create a personalized approach that works for you and always consult a financial adviser (not me).

Happy Trading!

Ultimate Stock Alerts 

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Trading Rules [Please Review Before Taking Any Action]:

  1. Do not invest more than you are willing to lose. No one likes to consider the worst case, but it’s always a risk that exists. Rule of thumb – if you cannot sleep at night as a consequence of your investment, then you have over invested.
  2. Keep calm. Do not chase. Decide for yourself if you like the trade. If you are not comfortable with the perceived risks, stay out. Timelines are to be decided by you. Approach methodically, and seek technical confirmation for direction. Always trade with a strategy in mind.
  3. Never use market orders. Only use buy and sell limit orders. Protecting your investment is more important than missing gains. Use “trailing stop %” or “trailing stop limit” orders. Personally I prefer mental stops while actively managing trades rather than entering your stop into your brokerage account.
  4. Cut losses quickly when day/swing trading. It’s better to acknowledge being wrong than to have false hope. Sometimes you will be wrong in doing so, often times it will save you. It all depends on your entry.
  5. Actively manage all your investments & trade during market hours only. Trading during pre/post market hours carries greater volatility/risk.

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