In today’s Super Seasonals: Trade of the Week we will look at Biomarin Pharmaceuticals Inc (BMRN).
BioMarin Pharmaceutical, Inc. is a biotechnology company that engages in the development and commercialization of therapies for people with serious and life-threatening rare diseases and medical conditions.
The past 5-10 years, with some really solid High Points…
The next couple of months have a positive bullish tendency on a weekly ‘starting’ basis…
The stock is currently trading around the 2016 low, and the 2019 low, which ‘might’ serve as a potential support level. A glance at the volume profile shows that most of the volume in the stock action (over the past 200 weeks) was in the $84 dollar area (orange horizontal line), which might serve as a potential upside level that gets attracted. If a reader is bullish now, this might be a good area to buy now. If a reader wanted to wait for more price confirmation, they might want to see the buyers come in and push price back up toward the last few weeks’ previous highs. If that was a reader’s approach, and you liked the idea of price rotating back up to the $84 level, then look for a favorable reward to risk ratio. The example scenario below is roughly a 2 to 1, reward to risk ratio.
As you likely know, there are literally dozens of solid ways to approach trading Biomarin Pharmaceuticals Inc (BMRN) with a bullish bias. The decision of how to best invest in the stock or trade the options is an individualized decision, unfortunately there is no one best way. Keep in mind that seasonality is about probabilities, not certainties. Please remember to fully understand the risk before trading anything. It’s recommended to do your own research and consider consulting with a financial advisor before investing in any stock or options trade.
To learn more about seasonal information on other solid opportunities, click here SuperSeasonals .
Trade Smart,
Chad Shirley
