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Glaukos Corporation (GKOS) Sends Noticeable Signals on Technical Charts

Glaukos Corporation (NYSE:GKOS) fell by -18.10% in Thursday’s trading session from $41.32 to $33.84 The stock price went upward in 8 of the last 10 days, but has retreated -9.03% over the same course of time. Volume has increased in Thursday’s trading session by 5.48 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 6.10 M shares exchanged hands for about $206.33 million.

Inside GKOS’s Recent Trend

Glaukos Corporation (GKOS) has broken the wide and falling short-term trend down. At first, a heavy selloff is imminent, but false breaks and sharp decline may occur. However, an additional loss is possible and any progress toward the breaking point ($34.06) will be a new exit point. According to the fan-theory $26.33 is considered to be the new bottom line of the next trend, but it is not the time to say this for sure.

Glaukos Corporation Technical Signals



GKOS has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $40.23 and $38.25. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Monday September 11, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume up and price depreciating is getting our attention as this movement is seen as bearish sign.

Glaukos Corporation (NYSE:GKOS) Support And Resistance Levels

There is no support from accumulated volume below today’s level and given the right condition the stock may perform very badly in the next couple of days. In case of gains, the next resistance from accumulated volume will be at $36.76, $39.34 and $42.03.




Glaukos Corporation (GKOS) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $4.10 between high and low, or 12.54%. The average volatility for the past week stood at 5.96%.

 

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