Biotech in Uptrend Setting up Break Higher from Range
TG Therapeutics (TGTX) shares of the biotech are holding up well and forming a bull flag above its 55 day MA with the stock nearing a bull MACD cross and potential breakout above 38 can see the former high near 43 retested. TGTX still has large size in September $18 ITM calls holding 5600x in OI from buys earlier this year and a recent opening seller of 500 August $45 ITM puts at $8.85. Late last year the Biotech stock saw vague rumors of takeover interest and although the short float is elevated at 17% it is down from a high of 24% in November.