ONXX Onyx Pharmaceuticals, Inc. Analysts Upgrading, Shares Gain and Chaikin Power Gauge Bullish
The Chaikin Power Gauge RatingTM for Onyx Pharmaceuticals, Inc. ONXX is bullish due to very bullish price/volume activity, very positive expert opinions and strong earnings performance. The rating also reflects very poor financial metrics.
Price and volume activity for ONXX is very bullish which is indicated by its price strength versus the market and a positive Chaikin price trend.
Marc Chaikin is a recognized expert in stock market analysis. He developed computerized stock selection models for professional money managers as well as for individual investors. In addition, he pioneered and created the first real-time analytics workstation for portfolio managers and stock traders; his proprietary analytics are now part of Thomson Reuters’ institutional workstation.
Marc also created the widely-used Chaikin Oscillator and Chaikin Persistency of Money Flow, the basis of Investor’s Business Daily’s Accumulation/Distribution Rating. His indicators’ predictive value has made them de facto standards in most technical analysis software packages.