Lots of action last Thursday to book profits in a few names into strength. That is something I’ve learned to do when markets have been choppy with low volume.
I’ll have those same names on watch this week to start averaging back into to any dips.
As we stomp our way closer to Labor Day, things are going to start to pick up even more.
I’m getting ready to put some larger cap names on the watch list as well. Those include INCY, TBPH, EGRX, and CLVS – all of which will be updated tomorrow.
Reminder: Charts are updated every Sunday evening for the next week!
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Catalyst Swing Names (1-4 week holds) that I am watching
Checkpoint Therapeutics (CKPT)
Catalyst Dates: Phase 1/2 late breaking data due out September 24th
Buy Zone: $3.55 to $3.95
Profit Zone: $4.50 or higher
Stop Zone: $3.30 or below
Catalyst Dates: Phase 2 topline results due out October 19th
Buy Zone: $.87 to $.92
Profit Zone: $1.00 or higher
Stop Zone: $.85 or below
Catalyst Dates: Phase 3 interim analysis due out in October 2018.
Buy Zone: $1.35 to $1.55
Profit Zone: $1.80 or higher
Stop Zone: $1.15 or below
Mirati Therapeutics (MRTX)
Catalyst Dates: Phase 1 and Phase 2 data due out October 21 and 22.
Buy Zone: $55.00 to $58.00
Profit Zone: $65.00 or higher
Stop Zone: $50.50 or below
Adma Biologics (ADMA)
Catalyst Dates: FDA Approval date of October 25th 2018.
Buy Zone: $5.50 to $5.80
Profit Zone: $6.25 or higher
Stop Zone: $5.30 or below
Catalyst Dates: FDA Approval date of November 3, likely to have an
Advisory Committee meeting announce beforehand.
Buy Zone: $2.60 to $2.90
Profit Zone: $3.40 or higher
Stop Zone: $2.50 or below
Catalyst Dates: FDA approval date of October 5th. Earnings should be August 8th.
Buy Zone: $8.50 to $8.85
Profit Zone: $9.50 or higher
Stop Zone: $8.00 or below
Viking Therapeutics (VKTX)
Catalyst Dates: Phase 2 data due September 30th. Another Phase 2 data set due out likely in late 2018.
Buy Zone: $9.75 to $10.35
Profit Zone: $12.00 or higher
Stop Zone: $9.40 or below
Selecta Biosciences (SELB)
Catalyst Dates: Phase 2 data due out in October
Buy Zone: $12.00 to $13.00
Profit Zone: $16.00 or higher
Stop Zone: $11.50 or below
Catalyst Dates: FDA Approval date of November 2, likely to have an
Advisory Committee meeting announce beforehand
Buy Zone: $1.40 to $1.60
Profit Zone: $2.10 or higher
Stop Zone: $1.30 or below
[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.