Stocktrading4living
Short

Break of the support. Big downmove possible!

NASDAQ:ABMD   ABIOMED INC
ABMD break below 275$ whick was a strong support in the past.First time only weak or no rejection and the break through the support. Additionally it is the first time for a Long time that EMA20 breaks through EMA50 on a Weekly Basis.

Seems like ABMD is heading for big Problems. Possible target is the width of the range (~85$) projected from the breakout (275$ - 85$ = 190$) and the support zones of the past (220$ and 190$).

Strong upmove back in the Zone cancels the idea.
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