intelitrades

MNKD - Next Resistance Level 1.5, or Reversal of DownTrend

Panjang
NASDAQ:MNKD   MannKind Corporation
Looking for a resistance level that causes a reversal of trend. You can see the 2.01 resistance level was hit on 9/6, and 9/7 the price fell through to 1.78. If the downward trend continues, the next resistance level to be hit would be 1.5. Substantial sell volume on 9/5, 9/6 and 9/7 could be indicative of a higher likelihood for a trend reversal early next week.

According to Chris Lau at InvestorPlace, a 10 yr discounted cash flow revenue exit model values shares at an average of $2.40, placing the stock at a current discount of 20/25%, assuming revenue increases due to the new partnership with UTHR.

https://finance.yahoo.com/news/development-partnership-could-pay-off-205656224.html?.tsrc=rss
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