Contextual immersion trading strategy idea.
Summit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States, Latin America, and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the...
Contextual immersion trading strategy idea.
Summit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States, Latin America, and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the...
There was a suggestion that the pharmaceutical outsourcing in America is coming back to America so there is 90% up for grabs and they have a good opportunity, also looks like a hammer on the one amateur one hour chart , I could just be hopeful do not copy but feel free to comment .
I bought this asset yesterday - not quite perfect cup and handle, but really nice looking.
Now approaching 10 week average.
Fundamentals looking great.
+250% growth in rev YoY
EPS YTY from (0.40) to 0.12
I see big potential in this one.
This is no trading advice - just an idea I'd like to share with you.
An easy win above 2.87 SMMT is gaining speed and with a positive catalyst and traction will continue strong. Like many of these stocks in this setup, we are seeing high loading volume with an increased potential for a breakout as the price increases.
Fibonacci gives me an idea of how this stock will behave. Along with the Volume MA and other indicator such us the bottom plots, I believe this stock is forecasted to go down for a few days before it goes back up. Wait for future indicators and to be below 10.3$ to enter (if you want to be conservative). Also, keep an eye open for news. This stock is fairly new...
Summit Therapeutics, Inc. engages in the development of biopharmaceutical products. The company was founded in 2003 and is headquartered in Cambridge, MA.
NASDAQ
