$FGEN Opinion- If the drop momentum continues initiated by the people’s petition (ie tutes supporting Akebia) it could gain further momentum especially if the MACD trend gets into negative territory. There is an interesting breakaway gap which formed March 23rd this year, high $27.39, which in June I thought it would get there. Now, no way, as financially they are in good shape with EBITDA for last Q at +$37.9m. Best entry point - I will try for the Bollinger (20,2,2) exit band, currently $37.5. Previous swings to good effect I have initiated at these levels, we shall see. Entry before PDUFA date for sure and other wild card is Pamrev in COVID results could drop any moment.
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