Lexicon Pharmaceuticals LXRX Stock Price is up 21%, can it go higher? URGENT

LXRX stock price

Lexicon Pharmaceuticals LXRX stock price is up 21% in the last...

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Lexicon Pharmaceuticals LXRX stock price is up 21% in the last 5 days, but is the run over for this breakout stock? There is an old adage, “two heads are better than one”, so let’s put both our heads together and compare notes on LXRX.

In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for LXRX, tell me what you think.

Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”

CA:XBC stock price

The official heat level for LXRX is, a 🔥 1 out of 4

Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.

Hello 🙋‍♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.

To find out more about my story, CLICK HERE

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Lexicon Pharmaceuticals Company Information

Company Name: Lexicon Pharmaceuticals Inc

Ticker: LXRX

Exchange: NASDAQ

Website: https://www.lexpharma.com/

Lexicon Pharmaceuticals Inc Company Summary:

Lexicon Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of pharmaceutical products for the treatment of human disease. Its drug candidates include: LX9211, an orally-delivered small molecule drug candidate, as a treatment for neuropathic pain, and Sotagliflozin, a treatment for heart failure and type 1 diabetes. The company was founded by Brian P. Zambrowicz and Arthur T. Sands on July 7, 1995 and is headquartered in The Woodlands, TX.

LXRX stock price is due to News?

April 4th

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) welcomes new guidelines for the management of heart failure issued jointly this past weekend by the American Heart Association (AHA), the American College of Cardiology (ACC) and the Heart Failure Society of America (HFSA).

The guidelines now recommend the use of SGLT2 inhibitors in the prevention and treatment of heart failure with the highest-level recommendations among classes of therapy in each category. The guidelines recommend SGLT2 inhibitors for the treatment of heart failure with reduced ejection fraction (HFrEF) with a recommendation equivalent to preexisting standard-of-care classes of therapy and for the treatment of heart failure with mildly reduced ejection fraction (HFmrEF) and heart failure with preserved ejection fraction (HFpEF) with a recommendation stronger than for any other class of therapy. In support, the guidelines specifically cite clinical trials of two selective SGLT2 inhibitors recently approved for heart failure and the SOLOIST-WHF study of dual SGLT1 and SGLT2 inhibitor sotagliflozin in patients admitted for worsening heart failure. The guidelines also highlight the need to improve optimization of medical therapies during heart failure hospitalizations.

LXRX Stock Price HOT Stock Grade:

The official heat level for LXRX is, a 🔥 1 out of 4 . Here are my takeaways on it and why it is just a 1 out of 4. Do you agree?

LXRX Trading Volume

The volume, is trading at an increase of 48% over the average which indicates a higher demand in the stock.

Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.

LXRX Technicals

The technical analysis “chart reading”, it is bearish as you can see from thee one year chart below. The 5 day is bearish too.

Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.

LXRX News Cycle

The news, there is significant news.

LXRX Fundamentals

The fundamentals, there is no exciting financial filings associated with this stock, look below.

Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.

LXRX Awareness

Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 1 out of 4. Do you agree? Write me a line at [email protected]

Again, two heads are better than one, let’s work together to have the best trading year of our lives!

To receive my 🔥🔥🔥🔥 HOT stock as a thank you for joining our FREE newsletter, sign up today.

To find out more about my story, CLICK HERE

👇 Sign up for our newsletter to get the latest 🔥🔥🔥🔥 HOT stocks and we can compare notes!👇

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