(Nasdaq: GLMD) Is A Low Float Past Champ And Breakout Idea For Monday (Key Oversold Technicals)

Drop what you're doing and consider Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD).

StockWireNews (Nasdaq: GLMD) Is A Low Float Past Champ And Breakout Idea For Monday (Key Oversold Technicals) March 16th Greetings Readers, Drop what you're doing and consider Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD). GLMD is a past champ. Alerted previously this past August after closing at $.3019, it surged in pre-market the next day all the way to a mind-blowing high of $.8516! That's a blockbuster run in the form of an approx. 182% move! Galmed Pharmaceuticals Ltd. is a clinical stage drug development biopharmaceutical company for liver, metabolic and inflammatory diseases. Their lead compound, Aramchol™, a backbone drug candidate for the treatment of NASH and fibrosis is currently in a Phase 3 registrational study. They are also developing Amilo-5MER, a 5 amino acid synthetic peptide and recently initiated a first in human study. Learn More Here. ----- (Nasdaq: GLMD) - 2 Immediate Points Of Interest #1. GLMD is a low float profile. With roughly 1.31Mn shares in its float, the chances for heightened volatility on a daily basis could be ever-present. #2. GLMD has multiple oversold technical indicators. Barchart is reporting conditions that may signal a reversal could be nearing for GLMD. A 9-Day and 14-Day Relative Strength Index both below 29% at close on Friday, along with a 14-Day Raw Stochastic of 4.86% and a 14-Day Williams %R of 95.14%, this Nasdaq idea may be viewed as undervalued from current levels. ----- Coverage is initiated on Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD). Consider getting it on your watchlist quickly. Sincerely, Kai Parker StockWireNews (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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