Tell me, my TA guru, once a stock hits its analyst mean target price what indicators usually tell of its future direction.
Ie, NUVO, a biotech company, a small cap, a penny stock, which is currently in a partnership agreement with Amgen to develop a novel drug.
Analysts have given NUVO a target price of 5 dollars. Once the stock hits this target price what will usually indicate a sell off or a continuation of stock price appreciation?
Layman's terms please.
Ie, NUVO, a biotech company, a small cap, a penny stock, which is currently in a partnership agreement with Amgen to develop a novel drug.
Analysts have given NUVO a target price of 5 dollars. Once the stock hits this target price what will usually indicate a sell off or a continuation of stock price appreciation?
Layman's terms please.