AMRN Favors the Long Side, but the Risks To High
There hasn't been a short squeeze yet in Amarin (AMRN) - but the bulls do seem to have put a halt to the losses. The likelihood here is tha it has to squeeze some shorts. It is just too ripe for the opporunity. But that opportunity comes with a lot of risk!
Personally, I wouldn't play this stock in either direction. The news risk is to great in either direction and to be caught on the wrong side of the trade far out weights ANY kind of profit that can be made on this stock.
Here's the AMRN technical analysis: