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CrashWhen
Jul 28, 2022 8:03 PM

EBS: It's pretty bad when you underperform TNXP Long

Emergent Biosolutions, Inc.NYSE

Description

Considering TNXP does... well... nothing, EBS underperforming TNXP is disappointing. Still holding and will continue to buy shares if SP falls back into the gray area at $25-$32. Monthly hammer + continuation off a high volume node + 2.618 fib should indicate a trend reversal.
EBS was never a "squeeze" play because it's already worth a billion dollars. Additionally, I don't believe monkey pox is a serious pandemic regardless of what WHO says. EBS still has a pipeline of drugs that generates revenue and profit. With or without Monkey Pox, EBS should see $50-$60 (fibs) imo.

Comment

Terrible miss on earnings with lowered guidance. More accumulation here.
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