Sientra, Inc. (NASDAQ:SIEN) is primed for a massive rally


Shares of Sientra, Inc. (NASDAQ:SIEN) are currently up by more than 4.48% from the open today and are trading at $9.10. More than 97,483 shares have exchanged hands compared to an average trading volume of 140.59K. At the current pps, the market cap stands at $162.66M. The stock prices of Sientra, Inc. (NASDAQ:SIEN) are currently trading at -10.96% below its 52 week high and 62.50% above its 52 week low.

Sientra, Inc. (NASDAQ:SIEN) has been in the news for all the right reasons. Recently, Sientra, Inc. (NASDAQ:SIEN) announced that it has received U.S. Food and Drug Administration (FDA) pre-market supplement approval (PMA) for four new breast implant styles in both shaped and round as well as additional profile and sizing options for nine existing implant offerings.

Sientra, Inc. (NASDAQ:SIEN) is all set to announce its earnings on Mar 08/a. As per Zack’s analyst ratings, Sientra, Inc. (NASDAQ:SIEN) currently has an average brokerage rating of 3. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:SIEN) is $9 with a high of $9 and a low of $9.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 8.62 and 8.41 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .

The relative strength index (RSI) is a momentum osciallator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 59.67 suggesting a bullish price action.

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