LNTH On My Watchlist
Lantheus Holdings, LNTH, continues to be a stock that is holding up well in 2022. I originally purchased this stock in April as it emerged from a high-tight flag pattern. I was stopped out as it pulled back but have continued to watch this stock closely. Lantheus has produced five quarters of accelerating earnings and three quarters of accelerating sales. Moreover, its' last quarter showed triple-digit earnings and sales growth. This coupled with LNTH's impressive relative strength is a sign this is a stock that has potential to be a winner. I took a starter position today and will look to add to my position should LNTH clear recent resistance. It is important to note that it is very possible that we may still need another leg down in the market to flush out the final remaining weak hands. Thus, like always, I have a stop loss in place to limit my risk. The massive losses in LUNA (Terra), ARKK, and countless other stocks highlight the inherent risk to trading in this and any other trading environment. Thus, risk management is always a core priority regardless of the technical or fundamental strength of any given stock.
Full Disclosure: I currently own LNTH.
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