Biotech *Trade of the Day: ZYNE

Mixing Colorado, the growing Pot trade, the booming biotech sector, a healthy degree of speculation, and technical analysis, we have the *trade of the day for near, medium, and long-term traders/investors.

The company is Zynerba Pharmaceuticals, Inc., with ticker symbol:  ZYNE.

Founded in 2007 and headquartered in Devon, Pennsylvania, ZYNE is a specialty pharmaceutical company focusing on developing and commercializing proprietary synthetic cannabinoid therapeutics formulated for transdermal delivery.

On the near-term trade, ZYNE has been trading tightly in a positive-sloped upward trading channel for the better half of 2016 (since April/May). Most recently, shares bounced predictably off of its lower bound in late November/early December at the ~$12.75 handle. In it’s current move higher, ZYNE should make a continued run to the ~$17.75 handle given 2016’s channel trajectory.

From there, ZYNE could dance around the $17.75-$18 threshold for a while as it tests medium-term technical resistance dating back to mid-October of 2015.

Provided the broader markets remain strong both from a macro and biotech perspective in 2017, ZYNE’s trading channel should eventually bring shares to it’s long-term resistance threshold of ~$21, representing a potential ~35% gain from current levels.


ZYNE (12.08.16)


*The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus

Hidden Forces

"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire


"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire

Touch Stone Connect

News & Views (Independent Media!) ****************************REMINDER***************************** Please Donate - There are NO Subscription Fees and NO Advertisements Free and Independent Media Under NO Politician's or Business's Control

%d bloggers like this: