| Low Float (Nasdaq: GLMD) Make Early Green Push After Pre-Market Surge To $2.40
March 17th Greetings, Friend!
Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) keeps control of my watchlist's top spot early today.
Reaching a $2.40 high in pre-market after closing Friday in after hours at $1.71, GLMD rocketed approx. 40% before the bell.
Though it didn't maintain that initial pre-market surge, GLMD is popping green once again while potentially eyeing psychological chart resistance at the $2.00 level.
A potential breakdown of that $2.00 chart resistance level could bring lots of attention to GLMD because of its low float under 2Mn shares.
Consider (Nasdaq: GLMD) for your watchlist this morning. I'll be in touch with updates when necessary. -----
Don't overlook this intriguing biopharmaceutical company focused on liver, metabolic, and inflammatory diseases.
Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) is making waves in the clinical stage drug development arena and is my new breakout idea for Monday (aka St. Paddy's Day!).
Key Highlights To Consider Now
Aramchol™: The company's primary drug candidate for treating NASH and fibrosis is currently undergoing a Phase 3 registrational study.
Amilo-5MER: A newly developed 5 amino acid synthetic peptide, with human trials recently initiated.
Learn more about the company here.
Market Dynamics:
- A Limited float of approximately 1.31Mn shares.
- Potential for significant volatile movements daily.
Technical Indicators:
Multiple oversold leaning technicals reported by Barchart at Friday's close.
- 9-Day and 14-Day Relative Strength Index below 29% at Friday's close.
- 14-Day Raw Stochastic: 4.86%.
- 14-Day Williams %R: 95.14%.
These factors suggest GLMD might be undervalued at current levels, potentially indicating an approaching trend reversal.
Final Thoughts
Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) presents an intriguing profile in the biopharmaceutical sector. With its promising drug candidates and current market position, it may be worth adding to your watchlist for further examination.
I'll be in touch with updates when necessary. Talk soon.
All the best, Dane James Editor Market Pulse Today
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
MarketPulseToday.com (“MarketPulseToday” or “MPT” ) is owned by Thousand Sun Media LLC, a single member limited liability company. Data is provided from third-party sources and MarketPulseToday is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile MPT brings to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized in-vest-ment advice, are not in.vest.ment advisors, and any profiles we mention are not suitable for all in-vest-ors.
Thousand Sun Media LLC has not been compensated for the March 16th and 17th, 2025's profile on (GLMD:US). Neither Thousand Sun Media LLC or its member own shares of (GLMD:US).
Please see important disclosure information here: https://marketpulsetoday.com/disclosure/ | 
No comments:
Post a Comment