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tradearcher
Mar 27, 2016 5:15 AM

$ARDX (D) Early. On watch, pending additional bullish support. 

Ardelyx, Inc.NASDAQ

Description

Some insider buying this past week. Hard to tell other than the minor increase of SMA50 (Red SMA). RSI gradually increasing, OBV still strong. MACD making higher lows.

Conservative approach: Before dipping in, at least wait till SMA50 (Red MA) begins a positive slope. Otherwise you may end up trying to 'catch a falling knife' with others.

Obey your rules.
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