AMRN Finally Breaks $12, Again

I've been covering AMRN for a while now. If you've been following me, I called a buy on AMRN on May 21st, when the price was $10.51; pretty good return. Check out the article here.

AMRN has recently come down to the lower trend line, drawn in the above chart; it popped right off of it. We now have a confirmed uptrend when focusing on stochastics, RSI and MACD. The parabolic SAR is also showing an uptrend. AMRN is above the 200, 50 and 20 day moving average. So where will this stock go? In my previous article I said that we can see a short term price of $13, and we almost hit that today! According to the trendlines, we could see AMRN reach $16 soon! Not to mention, AMRN has a price target of $24. We could see that price in July, or if it finally gets acquired.

Check back for more chart analysis.

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