Opko Health: A 20% Decline Is Possible
Opko Health is in a tough spot technically. The stock has violated the neckline of a multi-year head and shoulders pattern, and the stock has decisively broken below its uptrend line dating back to the lows of 2009. Both extremely bearish events. The next level of support is ~$6.50, representing a decline of nearly 20% from current prices. Keep an eye on Opko.