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  • Writer's pictureT. Livingston

LNTH Retakes Its' 50-Day Moving Average

Lantheus Holdings, LNTH, demonstrated impressive action today as it retook its' 50-day moving average today with strong volume coming in. I traded this stock earlier this year, but was stopped out as it lost key support levels. I've been watching LNTH closely over the last few weeks for a variety of reasons. First, Lantheus has delivered some incredible numbers over the last year. Not only are its' earnings and sales accelerating, LNTH also delivered triple digit earnings and sales in its' most recent quarter. Moreover, Lantheus is also estimated to have strong annual earnings in 2022, which is something I always like to see.

I've also been quite impressed with LNTH's superb relative strength. While the Nasdaq and S&P 500 have been in a prolonged bear market, LNTH has continued to hold above its' 100-day ema. This is just incredible considering that the majority of stocks are below both their 200-day and 50-day moving averages.

I bought LNTH today as it retook its' 50-day with heavy volume coming in. I have a stop loss in place to limit my risk should the trade turn against me.

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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.


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