• T. Livingston

LNTH Emerges From A High Tight Flag Pattern

Lantheus Holdings, LNTH, emerged today from a high tight flag pattern with volume coming in. There are a few reasons why I decided to purchase this stock. First, LNTH has shown incredible power. The massive volume gap up in February that occurred while the market was bottoming is a sign of noticeable relative strength. In addition, the fact that Lantheus has held above its' 23-day ema despite already doubling in less than two months indicates something is clearly going on with this stock. Moreover, LNTH has produced four quarters of accelerating earnings, which is something William O'Neil always liked to see. I will be using a stop loss to limit my risk should the trade turn against me. At the end of the day, it is risk management that allows you to live to trade another day.


Risk right. Sit tight.




Full Disclosure: I currently own LNTH.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.