Here's A Nasdaq Profile To Sink Your Teeth Into (Hint: It's A Unique, Cutting-Edge Biotech Company)
Next Report Arrives At 11:00AM EST Tomorrow
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It's been a short week with the July 4th holiday, but it's not quite time to ride off into the sunset just yet.
I've been shuffling through breakout ideas left and right, up and down... And here's what I've come across.
There is one specific company trading on the Nasdaq Market that I've been tracking all week long and looks ripe for a potential breakout for several different factors.
So give me a second and I'll get to the meat and potatoes of it.
Imagine for a second that there was a company out there that was doing something that not a single other biotech company was doing by combining two separate explosive markets?
Now, even better. What if this company's game-changing, forward-thinking desire to combine these two markets provided them with a chance at a chunk of the $1.27Tn global pharmaceutical industry? (1)
Got you salivating yet? Well, hang tight. The full Nasdaq report arrives Saturday at 11:00AM EST.
Meanwhile, to make sure you've got a step up on everyone else going into the report, take a second to chew on these.
Top 3 Potential Breakout Catalysts - Important Info On Your New Nasdaq Profile
#1. From Thursday's closing valuation, there is upwards of 400% potential upside to a recently projected analyst price target from this summer.
With a 52-week high for this profile that's higher than this target, could this analyst be playing it safe with their figure?
#2. It's already showing signs of life in recent days. With its closing valuation Thursday, it has now moved above multiple lines of potential support including its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 50-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
And with a ton of room until reaching its 200-Day SMA, there may be very little potential resistance above its current trading levels.
#3. With a relatively low float under 50Mn according to Yahoo Finance, volatility could be in the cards on a daily basis for this profile.
Could the next bit of positive company news create a volatile environment for a vertical surge?
Haven't done this? Do it now: