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Joe Springer is a Certified Technical Trainer and has been in the finance and IT industry since 1999. Joe also has a degree in Philosophy. Please follow us on Twitter and subscribe to our Youtube channel: https://twitter.com/JoeSpringer https://www.youtube.com/user/Misterthedog?feature=mhee
  • MannKind Technicals - Cup And Handle Or Reverse Head And Shoulders 6 comments
    Feb 27, 2013 2:20 PM | about stocks: MNKD

    For those that like technical analysis - have a look at MannKind (MNKD):

    (click to enlarge)

    I see a cup and handle and the wedge of higher lows since November and in February. This looks like it is basing - preparing to move higher.

    I could be talked into seeing a pair of reverse head and shoulders patterns completing, one starting in September, one in January.

    I'm on record about MannKind being my favorite speculation in the market on fundamentals, and the chart sure looks good.

    Just sayin.

    Disclosure: I am long MNKD.

    Themes: Diabetes, Biotech, Biopharma, insulin Stocks: MNKD
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This post has 6 comments:

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  •  
    I'm not a believer in technicals, but I have become a believer in MNKD (well, at least in the one with consecutive n's; I'm still agnostic on the other). Bought shares twice in the past week, and am now at my maximum-allowable for a speculative biotech. (I learned a hard lesson from DNDN).
    27 Feb, 04:36 PM Reply Like
  •  
    I think MannKind can make you forget DNDN...two "n's" - LOL!
    27 Feb, 05:40 PM Reply Like
  •  
    I don't know technicals other than through Blink type analysis but I like a cup of tea and I love some MNKD. At this point, I don't know what to do. I keep reminding myself to be aware of risk. Do you see shorts daring coming in after these gains?

    I wouldn't but you know them shorts be crazy....always shortin ish

    They are shorts after all its what they do. I have to revisit your first mnkd article and see if anyone was short near 2. That must have hurt. Another reason I never short. Feel good about possible institutional buy ins soon. They always take a few minutes to clear institutional controls and can we get to 5 before May?

    No worries or expectations personally but it does look good and still is building momentum.
    11 Mar, 10:39 PM Reply Like
  •  
    In my opinion, there is no way shorts are coming for MannKind again, I think this is the Energizer Bunny.
    12 Mar, 12:42 PM Reply Like
  •  
    I would like to hear Joe's take on why Eli Lilly's decision to terminate their Air Insulin drug, citing weak commercial potential was not discussed at all in his extensive and well-balanced analysis.
    12 Mar, 04:09 PM Reply Like
  •  
    Bruhahahahahaha

    Joe can you just be direct and stop beating around the bush with your politically correct evasiveness.

    Oops wrong message. Joe can you stop cutting the shorts to pieces with your saber-like tongue.

    I call and they come.

    Interesting action today that was pretty bullish trading action. Not that many weak hands and people still looking to get into mnkd.
    13 Mar, 11:22 PM Reply Like
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