Eagle Pharmaceuticals looks to consolidate gains and perhaps move against the “Go” trend in the short term.
The GoNoGo Oscillator has gone from an overbought extreme back into more neutral territory and caused a Go Counter Trend Correction arrow to appear above price. This suggests that there will be a pause or a small correction as investors digest gains. We will then watch the GoNoGo Oscillator as it falls towards the zero line to see if support is found at that level. If that happens we will look for the trend to continue.
By
Alex Cole
