Viking Therapeutics Stock On Brink Of Death Cross As Weight Loss Hype Loses Momentum

Viking Therapeutics Inc. VKTX is nearing a pivotal moment as its stock hovers just above a potential death cross.This ominous technical pattern, where the 50-day moving average moves below the 200-day moving average, is often seen as a bearish signal. While not confirmed yet, the trajectory suggests growing pressure on the stock, which has struggled in recent months despite earlier rallies. Chart created using Benzinga ProRead Also: Biden Proposes Medicare, Medicaid Access For Popular Weight-Loss DrugsVKTX ...