BiotechSwings
Oct 22, 3:58 PM
TRADE ALERT
$VRTX
setup is catalyst runup. Nov 30 PDUFA for povetacicept in IgAN is 39 days out, accelerated approval path, and RAINIER is the data behind it. 52 percent cut in proteinuria from baseline, 49.8 percent versus placebo in 605 patients
entry zone
$530 to
$538, trading
$536.79 today, up 2.3 percent
stop on a close under
$521
Targets:
$560.25, then
$579.81
it is up 10.6 percent in five sessions and just broke back above its 50 day, pushing toward that
$560.25 high from September while most large caps are still chopping around. liquidity is as deep as it gets in biotech and the risk sits right under todays low imo. score 74. size it like a binary because it is one
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