TTOO - Momentum Play- Good News - Insider Buys
T2 Biosystems Inc is a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes. It is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. The company's products include the T2Dx Instrument, the T2Bacteria Panel, the T2Candida Panel, the T2Resistance Panel, and the T2Biothreat Panel, and are powered by the proprietary T2 Magnetic Resonance technology.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Recent Developments:
T2Bacteria®Panel by T2 Biosystems: This point-of-care method significantly enhances the sensitivity and speed of diagnosing bacterial bloodstream infections, reducing the time to targeted therapy compared to traditional blood cultures.
Strategic Partnership Intent: T2 Biosystems has announced a letter of intent to forge a strategic partnership focusing on Lyme disease diagnostics.
Investment Snapshot (As of May 10, 2024):
Relative Volume: 3.02
Shares in Circulation: 8.79 million
Recent Activity: Notable increase in trading volume observed.
Key Technical Levels:
Resistance Points: Monitor resistance at $4.00, $4.70, $5.20, $6.00, $6.90, and $8.50. Surpassing these levels could signal a positive trend, and taking profits at these stages may help in realizing gains.
Trading Strategy:
Take Profit (TP): Aim for a target profit of $9.70 to fully capitalize on the anticipated price gap closure.
Stop Loss (SL): Establish a stop loss at under $3.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for a detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Recent Developments:
T2Bacteria®Panel by T2 Biosystems: This point-of-care method significantly enhances the sensitivity and speed of diagnosing bacterial bloodstream infections, reducing the time to targeted therapy compared to traditional blood cultures.
Strategic Partnership Intent: T2 Biosystems has announced a letter of intent to forge a strategic partnership focusing on Lyme disease diagnostics.
Investment Snapshot (As of May 10, 2024):
Relative Volume: 3.02
Shares in Circulation: 8.79 million
Recent Activity: Notable increase in trading volume observed.
Key Technical Levels:
Resistance Points: Monitor resistance at $4.00, $4.70, $5.20, $6.00, $6.90, and $8.50. Surpassing these levels could signal a positive trend, and taking profits at these stages may help in realizing gains.
Trading Strategy:
Take Profit (TP): Aim for a target profit of $9.70 to fully capitalize on the anticipated price gap closure.
Stop Loss (SL): Establish a stop loss at under $3.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for a detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Trade closed: target reached:
Hit 6.56 - nice trade