Here’s your trade on Vericel ($VCEL) (August 16, 2019)

by DAN VCEL 
Vericel ( NASDAQ: VCEL ); this is a stock that’s been in kind of a death dive here for a while. The stock came down on Thursday and basically tested 15.00 and then it rallied on Friday on a little bit less than average volume but still pretty convincing.

Here’s a potential trade Monday; don’t buy this stock unless it breaks out above 16.42 (don’t pay any attention to these quotes, these are after-hours quotes and then never mean anything). Instead, wait, watch this stock and don’t buy it unless it, again, unless it breaks out above the high here of 16.42. You hold off, wait, if it’s a new high, breaks out above that level I could see it running up to test 17.00 maybe even go further just because it is so, so, so deeply oversold. Unless it hits that level I want you just to kind of stay away from it, okay? And if you happen to be long the stock, if you’re one of the guys that bought this, don’t hold the stock if it falls below Friday’s intraday low.

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