PTX (Pernix Therapeutics Holdings) is on watch for a breakout & aggressive long trade on a break above 3.20. I was considering adding as an official trade but the stock will be reporting earnings this Thursday after the market close so I’m only passing it along as an unofficial trade at this time & may revisit it on Friday or early next week after the post-earnings dust has settled as entering a position just before earnings runs the risk of a large earnings-induced gap for or against your position. With that being said, I wanted to pass the setup along in advance of this week’s quarterly earnings release for those interested.
PTX daily March 5th