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massive support at 12. looks like a great r/r swing trade or hold for a potential break out over 30 $XBI
More positive clinical validates their platform. Assets further de-risked.
Looking to open a position at 12.80 at the 78.6 line
Tickeron AI shows that a buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where AVRO's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
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This looks like standard consolidation after a big move. It might even continue.
AVROBIO got a good pop today from very positive Phase 2 clinical trial results from its kidney drug. Unquestionably the news was good; the drug shows strong efficacy and no adverse events. However, this was only a Phase 2 trial so there's a long way still to go in the approval process. Meanwhile, the company is losing money and is rated as an overvalued and...