|Day Low/High||11.41 / 11.70|
|52 Wk Low/High||6.36 / 16.81|
Innoviva, Inc. (NASDAQ:INVA) announced today that it will report financial results for the second quarter ended June 30, 2016 after market close on Thursday July 28, 2016.
Trade-Ideas LLC identified Innoviva (INVA) as a weak on high relative volume candidate
These heavily shorted stocks could get squeezed much higher if they report positive earnings this week.
Investors in Innoviva Inc saw new options begin trading this week, for the September 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 228 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.