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Strong Drug-maker with Impressive Relative Strength Triggering Buy Signals

Strong Drug-maker with Impressive Relative Strength Triggering Buy Signals

by | Mar 15, 2022 | Chart SetUps

Horizon Therapeutics (HZNP) shares are now above VWAP off its record highs and worked out of a downtrend after basing in a high-volume zone. HZNP is also seeing weekly RSI break above 50 and MACD nearing a bull crossover buy signal.  HZNP does have 5500 May $100 short calls in open interest so market maker hedges may keep it contained under $110 through expiration.