New Trade Alert: aTyr Pharma Inc. (NASDAQ: LIFE)
LIFE appears to present us with a near-term bounce trade opportunity after the company secured what appears to be an area of support, demonstrated by yesterday’s green reversal candle with a significant increase in volume.
We are not making a judgment on LIFE as it relates to anything longer than a near-term trade opportunity. Read trading guidelines at the bottom of email before trading.
- Last close: 3.20
- Support: 3.15
- LIFE has sold off more than 41% since the end of March after reporting disappointing earnings.
- LIFE experienced its first reversal candle yesterday, in the past week of trading, on more than 2m shares traded (avg 3 month volume is 173k) – bullish indication.
- LIFE has an RSI of 15 on the daily chart, suggestive of massive near-term undervaluation.
- With the current chart setup, it would appear that LIFE has the opportunity to provide us with potential near-term upside upwards of 12-15% from the last close.
“Director Paul Schimmel bought 25,000 shares of aTyr Pharma stock in a transaction on Wednesday, April 6th. The shares were bought at an average cost of $3.20 per share, with a total value of $80,000.00. Following the acquisition, the director now directly owns 62,572 shares in the company, valued at $200,230.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.”