Offshore Trade Setup: Moderna Inc

NASDAQ:MRNA   Moderna, Inc
An extract from my research report published this morning: Moderna Inc is a name I added on 25 May at $169.47 (see attached), well ahead of the price surge to nearly $500. It's retraced sharply, to the rising trend line , with a close of 231.19 by Friday. It’s a higher risk play but the level could provide an entry for a moderate rebound as Covid-19 cases resurface globally.

Pre-market: $234.65 with a stop of $225.00.

Note: it could print a lower price intraday but like it around these levels.

Manage your risk.

Also seen: Moderna Announces Positive Data from Phase 2 Study of mRNA VEGF-A Therapeutic in Patients Undergoing Coronary Artery Bypass Grafting Surgery.

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